NW Timothy 26 Unit Multi-Family Sale
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NW Timothy 26 Unit Multi-Family Sale
4 Multifamily Properties Offered at $2,687,000 in Pullman, WA
Investment Highlights
- Near Washington State University
- New roof, water line, appliances & flooring
- No vacancies -- 100% occupancy
- 4 legal descriptions
Executive Summary
This one of kind real estate portfolio is now available. This offering is being sold as a package of four properties, all of which are located adjacent to one another. There are 26 total units, each being a 2 bed & 1 bath. 1250 NW State is on the corner of Timothy St and State St and is a 6 plex built in 1971 featuring 5616 sq ft with each unit having 2 beds & 1 baths, electric heat & access to 1 on site-laundry room, & covered parking. Adjacent is 237 NW Timothy which is a 12-plex built in 1971 featuring 11,232 sq ft with each unit having 2 beds & 1 bath, electric heat, access to 2 on site laundry rooms, patios & decks, & covered parking. Adjacent is 229 NW Timothy which is a 4 plex built in 1970 featuring 3360 sq ft with each unit having 2 beds & 1 bath, electric heat, hook ups for laundry in each unit & covered parking. Adjacent is 225 NW Timothy which is a 4 plex built in 1970 featuring 3360 sq ft with each unit having 2 beds & 1 bath, electric heat, hook ups for laundry in each unit & covered parking. This portfolio will not be sold separately, it will be sold as a package. Each property is on a separate legal description. Interior photos are of a representative unit. Recent capital improvements include new flooring & appliances in many of the units, a new roof and new water line for 237 NW Timothy. Gross income for 2023 is $246,492.98. Current rents is 860 per unit. There are no vacancies. Reach out for more information on this investment opportunity.
Property Facts
| Price | $2,687,000 | Number of Properties | 4 |
| Price / SF | $114.01 / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 23,568 SF |
| Sale Type | Investment | Total Land Area | 1.11 AC |
| Status | Active |
| Price | $2,687,000 |
| Price / SF | $114.01 / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 23,568 SF |
| Total Land Area | 1.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 237 NW Timothy St, Pullman, WA 99163 | Multifamily | 11,232 SF | 1970 | - |
| 1250 NW State St, Pullman, WA 99163 | Multifamily | 5,616 SF | 1971 | - |
| 225 NW Timothy St, Pullman, WA 99163 | Multifamily | 3,360 SF | 1970 | - |
| 229 NW Timothy St, Pullman, WA 99163 | Multifamily | 3,360 SF | 1970 | - |
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NW Timothy 26 Unit Multi-Family Sale
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