13914 NE SALMON CREEK AVE, Vancouver, WA 98686

$50,800,000
List Price
$50,800,000
Days on Market
62
MLS#
21325208
Property Type
Multifamily
Lot Size
5 to 6.99 Acres
Region
Vancouver: S Salmon Creek
Status
Active

Property Description

New 168 Unit Apartment Investment located in Salmon Creek, immediately adjacent to WSU Vancouver. Offering a diverse unit mix of 1 & 2 bedroom apartments. Each unit offers an open floor concept, stainless steel appliances, quartz counters, breakfast bar, 9' ceilings, full size washer/dryer, AC. Some have covered decks, storage areas. Community amenities include outdoor pool, hot tub, community room fitness center, dog wash. Est completion is Sept 2021.

Additional Information

Tax Amount
$21,065
Year Built
2021
High School
Skyview
Elementary School
Salmon Creek
Middle School
Alki
Stories
3
Terms
Cash, Conventional
Cooling Description
Wall Unit(s)
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Gas
Exterior Description
Board & Batten Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
145266
Capitalization Rate
4.65
Operating Expenses Actual
1050661
Gross Income Actual
3412800
Gross Rent Multiplier
14.89
Net Income Actual
2362139
Occupancy Types
Other
Road Surface
Paved
Number Of Units Total
168
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1400
Unit Type One Sq Ft
684
Unit Type One Units Total
60
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Rent
1875
Unit Type Two Sq Ft
976
Unit Type Two Units Total
12
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
1875
Unit Type Three Sq Ft
956
Unit Type Three Units Total
24
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1400
Unit Type Four Sq Ft
684
Unit Type Four Units Total
6
Unit Type Five Baths Total
2
Unit Type Five Beds Total
2
Unit Type Five Rent
1875
Unit Type Five Sq Ft
956
Unit Type Five Units Total
12

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of MAJ Commercial Real Estate.

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