621 NW Quincy Place Chehalis, WA 98532

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$625,000

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0 Beds
0 Baths
5,000 sq. ft.
Multi-Family
Listing# 1685368

Listing provided courtesy of: Coldwell Banker Evergreen

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Views: 397 Days On Site: 71

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Property Details

Description

Attention investors! This high performing 9-unit apartment complex near downtown Chehalis is the perfect property to add to your portfolio! Current rents are at $5250/month with pro-forma rents at $5725 (giving you a 8.05% cap rate). Well maintained property featuring ornate common areas, (2) 1-bedroom & 1 BA units, (5) studio apartments with 1 BA and (2) studio apartments that share 1 BA. All units have full kitchens. 3 units on each floor plus W/D hookups and storage lockers in basement.

General Features
- County Or Parish Lewis
- Furnished Unfurnished
- Leasable Area 3126
- Leasable Area Units Square feet
- MLS Area Major 430 - Chehalis
- New Construction Y/N No
- Property Sub Type Multi-Family
- Special Listing Conditions None
- Style Code 55 - 5-9 Units
- Subdivision Name Chehalis
- Tax Annual Amount 3853
- Tax Year 2020
- Year Built 1900
Building Features
- Building Area Total 5000
- Building Area Units Square feet
- Exterior Features Wood
- Foundation Details Poured Concrete
- Heating Y/N Yes
- Living Area 0
- Living Area Units Square feet
- Roof Composition
Property Features
- Carport Spaces 0
- Carport Y/N No
- Covered Spaces 0
- Irrigation Water Rights Y/N No
- Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Acres 0.21
- Lot Size Square Feet 9147
- Lot Size Units Square feet
- Open Parking Spaces 0
- Open Parking Y/N No
- Parking Total 0
- Sewer Sewer Connected
- Utilities Cable Connected,High Speed Internet,Natural Gas Available,Sewer Connected,Electricity Available
- View Y/N No
- Waterfront Y/N No
Schools
- High School District Chehalis

Contact

Mitch Dietz

Broker

Coldwell Banker Evergreen Olympic Realty

Direct: 360-791-5009

Neighborhood

98532 (Chehalis) Demographics

40 Median Age

75 Population Density (per sq. mile)

32% College Educated

$51,586 Estimated Median Income

6,252 Estimated Total Home Owners

2,699 Estimated Total Renters

70% / 30% Estimated Owner / Renter Divide

3 Estimated Average Household Size

24,078 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Public Adna Elementary School

Grades: PK - 5
Enrollment: 251

Public Cascade Elementary School

Grades: PK - 1
Enrollment: 425

Private Lewis County Adventist School

Grades: 2 - 15
Enrollment: 64

Public Olympic Elementary

Grades: 4 - 5
Enrollment: 379

Public R E Bennett Elementary

Grades: 2 - 3
Enrollment: 388

Private St Joseph School

Grades: 2 - 13
Enrollment: 127

Middle Schools

Public Adna Middle/High School

Grades: 6 - 12
Enrollment: 380

Public Chehalis Middle School

Grades: 6 - 8
Enrollment: 649

Private Lewis County Adventist School

Grades: 2 - 15
Enrollment: 64

Public Lewis County Alternative School

Grades: 6 - 12
Enrollment: 27

Private St Joseph School

Grades: 2 - 13
Enrollment: 127

High Schools

Public Adna Middle/High School

Grades: 6 - 12
Enrollment: 380

Public Green Hill Academic School

Grades: 9 - 12
Enrollment: 159

Private Lewis County Adventist School

Grades: 2 - 15
Enrollment: 64

Public Lewis County Alternative School

Grades: 6 - 12
Enrollment: 27

Private St Joseph School

Grades: 2 - 13
Enrollment: 127

Public W F West High School

Grades: 9 - 12
Enrollment: 990

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$302,500 Median Sales Price

16 Homes Sold

23 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $625,000
1/2/2021 5:01:49 PM	Price Reduced Source	New Value: $625,000	-7.41%
12/11/2020 5:47:13 PM	Price Reduced Source	New Value: $675,000	-6.9%
12/1/2020 7:02:14 PM	Price Reduced Source	New Value: $725,000	-3.33%
11/6/2020 1:48:00 PM	New in Database Source	New Value: $750,000

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*This Payment Calculator is intended for educational and planning purposes only.
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

This property search is part of the Coldwell Banker Evergreen Olympic Realty, Inc. website. Listing information is courtesy of the WA-NWMLS and Coldwell Banker Evergreen Olympic Realty, Inc.. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.