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Multifamily

North B Street Apartments

1202 N B St, Ellensburg, WA 98926

Listing Price: $1,450,000

Cap Rate
4.93%
Number of Units
8
Occupancy
95.0%
Price/Unit
$181,250
Price/Gross SF
$201.39
Gross SF
7,200

Investment Overview

Marcus & Millichap is pleased to present for sale the North B Street Apartments, an 8-unit complex, located in Ellensburg, Washington. The Property consists of 8 two-bedroom/one-bathroom units approximately 900 square feet each. The two fourplexes were constructed in 1995 and 1998 on a total lot size of .55 acres. Unit Amenities include washer/dryers, A/C, walk-in closets, storage units, and covered parking. The owners have taken great care of the property and recently seal coated the parking lot. The property was constructed with Insulated Concrete Forms (ICF) providing energy efficiency and sound control. The Property is conveniently located two blocks from Central Washington University. Ellensburg is located an hour and half east of Seattle and two and a half hours west of Spokane. The North B Street Apartments is an ideal opportunity for an investor looking for a high-quality asset with significant rental upside in Ellensburg. The property has ample amenities and a convenient location next to campus. These attributes keep the apartments in consistent high demand.

Investment Highlights

  • In Unit Washer/Dryers
  • All Two Bedroom Units
  • Conveniently Located Two Blocks From Central Washington University

Exclusively Listed By

Financing By

Multifamily

North B Street Apartments

Listing Price: $1,450,000

Cap Rate
4.93%
Number of Units
8
Occupancy
95.0%
Price/Unit
$181,250
Price/Gross SF
$201.39
Gross SF
7,200

Investment Highlights

  • In Unit Washer/Dryers
  • All Two Bedroom Units
  • Conveniently Located Two Blocks From Central Washington University

Investment Overview

Marcus & Millichap is pleased to present for sale the North B Street Apartments, an 8-unit complex, located in Ellensburg, Washington. The Property consists of 8 two-bedroom/one-bathroom units approximately 900 square feet each. The two fourplexes were constructed in 1995 and 1998 on a total lot size of .55 acres. Unit Amenities include washer/dryers, A/C, walk-in closets, storage units, and covered parking. The owners have taken great care of the property and recently seal coated the parking lot. The property was constructed with Insulated Concrete Forms (ICF) providing energy efficiency and sound control. The Property is conveniently located two blocks from Central Washington University. Ellensburg is located an hour and half east of Seattle and two and a half hours west of Spokane. The North B Street Apartments is an ideal opportunity for an investor looking for a high-quality asset with significant rental upside in Ellensburg. The property has ample amenities and a convenient location next to campus. These attributes keep the apartments in consistent high demand.

Exclusively Listed By

Financing By

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