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Other For Sale

Ave, Richland, Washington 99354

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Property Description

MLS# 280420 Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan AveB. 1209 Winslow AveC. 704 Birch AveD. 2305 Concord StreetE. 312 Adams

Basic Details
Property Type : Other
Listing Type : For Sale
Listing ID : 280420
Price : $1,540,000
Year Built : 1948
Lot Area : 0 Acre
Status : Active
Days On Market : 2
Address Map
Country : US
State : WA
County : Benton
City : Richland
Zipcode : 99354
Street : Ave
Postal Code : 99354
Floor Number : 0
Longitude : W120° 42' 47.1''
Latitude : N46° 17' 36.9''
MLS Addon
Asking Price : 1540000
Address Number : 1603 Mahan
Headline : Fully Leased Residential Portfolio
Listing Office 1 : 1016
Original Price : 1540000
Photo Count : 27
Address : 1603 Mahan Ave
Listing Type : Exclusive Right
Subdivision : John Dam Plat
Annual Taxes : 2,672.94
Tax Year : 2023
Other For Sale
  • Listing ID : 280420
  • Lot Area : 0 Acre
$1,540,000
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