1226 11th Ave, Longview, WA 98632
11th Avenue Rooms is a Single Room Occupancy (SRO) property located in Longview, Washington. Since 2018, the owners have completed extensive interior and exterior renovations totaling over $670,000. Renovations include a conversion of the original layout - a 22 room, three-bathroom property with one-bed/one-bath manager unit - into a 24 room property. The new configuration includes one handicap accessible bathroom and four additional, individual toilet, sink and shower rooms. The property also features a large communal kitchen with eight refrigerators, a common area, dining room and a new on-site laundry facility with two sets of washers and dryers. Building envelope improvements include new industrial grade flooring, electrical, a hardwired fire alarm system, windows, doors and exterior paint.
The property is within walking distance to several amenities including restaurants and convenience stores. It features ample off-street parking, and is less than a five-minute drive to Safeway and the Longview-Kelso Kaiser Permanente Medical Office.
While committed to driving profitability, the owners have been committed to offering affordable housing opportunities. In this spirit, Lower Columbia CAP (Community Action Program) currently holds a 10 year master lease on 12 of the 24 rooms at a rate of $7,525 per month with 3% annual increases, expiring in May of 2029.
With the heavy lifting complete, for the right investor, this property presents a turn-key asset, centrally located, with a committed income stream that delivers affordable, clean housing to the marketplace.
License(s): WA: 25469
Washington
11th Avenue Rooms is a Single Room Occupancy (SRO) property located in Longview, Washington. Since 2018, the owners have completed extensive interior and exterior renovations totaling over $670,000. Renovations include a conversion of the original layout - a 22 room, three-bathroom property with one-bed/one-bath manager unit - into a 24 room property. The new configuration includes one handicap accessible bathroom and four additional, individual toilet, sink and shower rooms. The property also features a large communal kitchen with eight refrigerators, a common area, dining room and a new on-site laundry facility with two sets of washers and dryers. Building envelope improvements include new industrial grade flooring, electrical, a hardwired fire alarm system, windows, doors and exterior paint.
The property is within walking distance to several amenities including restaurants and convenience stores. It features ample off-street parking, and is less than a five-minute drive to Safeway and the Longview-Kelso Kaiser Permanente Medical Office.
While committed to driving profitability, the owners have been committed to offering affordable housing opportunities. In this spirit, Lower Columbia CAP (Community Action Program) currently holds a 10 year master lease on 12 of the 24 rooms at a rate of $7,525 per month with 3% annual increases, expiring in May of 2029.
With the heavy lifting complete, for the right investor, this property presents a turn-key asset, centrally located, with a committed income stream that delivers affordable, clean housing to the marketplace.
License(s): WA: 25469
Washington
