Bought with ZNonMember-Office-MLS
$2,625,000
$2,900,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
22,000 SqFt
SOLD DATE : 08/15/2023
Key Details
Sold Price $2,625,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 22,000 sqft
Price per Sqft $119
Subdivision Pullman
MLS Listing ID 2030353
Sold Date 08/15/23
Style 56 - 10+ Units
Year Built 1985
Annual Tax Amount $26,689
Lot Size 1.015 Acres
Property Sub-Type Multi-Family
Property Description
The Latah Apartments and Mini Storage is a 24-unit apartment property with 60 additional mini storage units built in 1985. This apartment community is located across from the WSU campus. All (24) units are a 2 bed1 bath unit mix about 736 sf in size. The apartments were completely remodeled in 2011/2012 featuring hardwood floors, new windows, paint, and hardware. The apartments come with dishwashers. Both bedrooms in each apartment are identical in size. On-site laundry facilities and plenty of off-street parking. Property presents an investor with the opportunity to own a turn-key asset with the ability to raise rents to current market levels without remodel. The current in place rents are below market based on recent rental surveys.
Location
State WA
County Whitman
Area 990 - Whitman County
Interior
Interior Features Forced Air
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Pullman
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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