SOLD:  The 1964 year built, five unit apartment building located at 1000 W. 23rd Street, Vancouver, Washington, sold for $800,000 in September, 2019.

The cottage style property features five units located across the street from John Ball Park (All photos from RMLS).

PROPERTY FEATURES:

-Hardwood floors

-Off street parking

-Storage shed

-Fantastic location across street from John Ball Park

Spacious storage in all units (photo from RMLS).

 

TRANSACTION SUMMARY:

Price: $800,000

Price Per Unit: $160,000

Price Per Square Foot: $240.60

Estimated Cap Rate (actuals): 5.40%

Estimated Cap Rate (pro forma):  6.00%

INTERIOR PHOTOS:

Kitchens have quality original cabinets (photo from RMLS).

 

Quality hardwood floors (photo from RMLS).

 

Hardwoods! (Photo from RMLS).

Bernard Gehret of Joseph Bernard Investment Real Estate represented the buyers and YouQian Brown of YQC Properties, LLC represented the seller.  For more information about this sale or the market, call Bernard Gehret at 503-546-9390.  Click HERE for more information on recent sold properties in SW Washington.