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$ 574,900
-
$574,900
Price -
7
Bed -
7
Bath -
4,228
SqFt
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About the Listing 501 - 131092,126981
Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and Financials available upon request.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
2484253
Year Built
1951
Total Square Footage
4,228
Lot/Acreage
0.42
County
Douglas
Neighborhood
Bridgeport
Area
968 - Bridgeport
School District
Bridgeport
Elementary School
Bridgeport Elementary
Middle School
Bridgeport Middle
High School
Bridgeport High
Interior Details
- Bedrooms: 7
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Bridgeport
Exterior Details
- Garage Capacity: N/A
- Roof: See Remarks
- Others: Stucco,Updated/Remodeled
- Sewer: City of Bridgeport
Financial Details
- Tax Amount: $1,850
- Taxes w/Assessments: N/A
- Tax/Property ID: 00202701300
- Tax Year: 2026
Payment Calculator
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Questions About..
616 Columbia Ave Bridgeport, WA 98813
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