Contacts

Derrick Stricker CCIM SIOR

StrickerCRE

Property Details

Property Type Multi-Family
Property Size 5,387 SF
Units 5
Additional Rent Contact for pricing
Date Updated Dec 3, 2024

North on George Washington Way, Left on Aaron Drive.Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan Ave B. 1209 Winslow Ave C. 704 Birch Ave D. 2305 Concord Street E. 312Adams

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Highlights

5 Rental Properties Sold Together:
A. 1603 Mahan Ave
B. 1209 Winslow Ave
C. 704 Birch Ave
D. 2305 Concord Street
E. 312 Adams

Getting around

49/100
Walk Score ®
36/100
Transit Score ®
54/100
Bike Score ®

Powered by Walk Score ®

City Richland, WA
Zip Code 99354
Market Tri Cities

Points of Interest

7-Eleven

0.36 miles
76

0.53 miles
Chevron

0.55 miles
Circle K

0.63 miles
Shell

0.69 miles
Pacific Pride

0.73 miles
Conoco

1.24 miles
Fred Meyer

2.22 miles
Greenlots

2.62 miles
enel x

4.51 miles

Ben-Franklin Transit Park & Ride Lot

0.89 miles
Lewis and Clark Elementary School Parking Lot

1.69 miles
Chamna West

2.49 miles
Chamna

2.64 miles
Chamna East

2.83 miles
Tulip Lane Park & Ride

2.89 miles
Yakima Delta

3.65 miles
Westgate Trailhead

4.46 miles
Park and Ride

4.56 miles
Columbia Park West Marina

5.03 miles

Richland Inn & Suites

0.91 miles
Homewood Suites

1.08 miles
Holiday Inn

1.29 miles
Hampton

1.72 miles
Riverfront Hotel

1.93 miles
The Lodge at Columbia Point

2.68 miles
Home2 Suites

2.95 miles
Sleep Inn

3.36 miles
PNNL Guesthouse/ User Housing Facility

3.54 miles
Motel 6

5.14 miles

Leyte Oriental Store

0.55 miles
Big Lots

0.63 miles
450 Williams

0.65 miles
Highland's Organic Market

0.66 miles
Safeway

0.67 miles
Asian Market and Lotus Snackbar

0.70 miles
Fred Meyer

2.13 miles
WinCo Foods

2.39 miles
Target

2.71 miles
Walmart Supercenter

2.78 miles

In-Depth Research Available for this Property

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1603 Mahan Avenue