285 22nd Avenue Longview, WA 98632
Multi-Family Home
MLS #: 2301606
Listed By CENTURY 21 Real Estate Center
Property InformationDescription
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor's dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder's warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.
Features
- Age: 1-5 Years Old
- Exterior: Sprinkler System, Sidewalk
- Exterior Description: Wood Siding
- Exterior Living Space: Deck
- Flooring: Tile, Wall to Wall Carpet, Ceramic
- Heating - Fuel Type: Electric
- Heating Type: Other
- Lot Size: 0.44 Acres
- Roof: Composition Shingle
- Style: Other Style
MAP & DIRECTIONS
School Information
285 22nd Avenue, Longview, WA 98632
Elementary School
Grades KG-5 |
Public School
SAINT HELENS ELEMENTARY SCHOOL
Longview, WA 98632
431 27th Ave
360.575.7362
Distance: 0.5 mi
School Rating
D+
Student:Teacher Ratio
12:1
Total Students
288
Middle School
Grades 6-8 |
Public School
MONTICELLO MIDDLE SCHOOL
Longview, WA 98632
1225 28th Ave
360.575.7040
Distance: 1.2 mi
School Rating
B-
Student:Teacher Ratio
18:1
Total Students
565
High School
Grades 9-12 |
Public School
R A LONG HIGH SCHOOL
Longview, WA 98632
2903 Nichols Blvd
360.575.7225
Distance: 1.2 mi
School Rating
B-
Student:Teacher Ratio
21:1
Total Students
899
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| St Rose School | 0.7 mi | Private | PK-8 | |
| Kessler Elementary School | 0.9 mi | Public | KG-5 | D- |
| Longview Virtual Academy | 1.2 mi | Public | 6-12 | D+ |
| Discovery High School | 1.2 mi | Public | 9-12 | D- |
| Discovery High School-achieve | 1.2 mi | Public | 9-12 | |
| Kelso Goal Oriented Learning Design | 1.2 mi | Public | 9-12 | F |
| Olympic Elementary School | 1.2 mi | Public | KG-5 | B |
| Big Leaf Montessori School | 1.4 mi | Private | PK-4 | |
| Northlake Elementary School | 1.7 mi | Public | KG-5 | C- |
| Three Rivers Christian School | 1.8 mi | Private | KG-6 | |
| Broadway Learning Center | 1.8 mi | Public | PK | |
| Mark Morris High School | 1.9 mi | Public | 9-12 | B- |
| Longview School District Special Svcs | 2.2 mi | Public | PK | |
| Cowlitz County Youth Services Center | 2.2 mi | Public | 6-12 | |
| Columbia Valley Garden Elementary School | 2.2 mi | Public | KG-5 | B+ |
| Wallace Elementary School | 2.3 mi | Public | KG-5 | B |
| Cascade Middle School | 2.4 mi | Public | 6-8 | C |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Longview, WA 98632
| Median Age: | 40.6 |
|---|---|
| Married: | 42% |
| Number of Households: | 21,698 |
| Households with Children: | 28% |
Longview, WA 98632
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
