14616 Se 1st St
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14616 Se 1st St
4 Unit Block of Flats £997,624 (£249,406/Unit) 4.67% Net Initial Yield Vancouver, WA 98684
Investment Highlights
- Washer and Dryer in units
- Close to bus line and schools
- Desirable Cascade Park neighborhood
Executive Summary
This 4plex has always been easy to rent when necessary. Each unit is 3 bd/1.5 ba, 1200 SF w/both dining area & separate living room. Each unit has separate laundry space for washer & dryer. Plus, units have a small concrete patio in the back, big front yard/space for all tenants to enjoy. Newer paving, newer ext. paint, new heating in all units, new fencing. Close to bus line & schools. Multifamily units are a rare commodity in this area!Agent/Buyers please verify there have been a couple state bills passed that can increase density on existing lots. HB 1337, RCW 36.70a.680 and RCW 36.70a.681 should allow two ADUs (and lifts any owner occupancy requirements) on the lot. Maybe implemented by 2025 in Clark Co if not already, please check with County to confirm. Interior pic are unit 3 when completely remodeled in 2022, all units have new cadet heaters installed in May 2024. Brand new fence completed in May 2024. Please Call LA for viewing.
Property Facts
| Price | £997,624 | Apartment Style | Townhome |
| Price Per Unit | £249,406 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Net Initial Yield | 4.67% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.2 | Number of Floors | 2 |
| No. Units | 4 | Year Built | 1972 |
| Property Type | Residential | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Apartment |
| Price | £997,624 |
| Price Per Unit | £249,406 |
| Sale Type | Investment |
| Net Initial Yield | 4.67% |
| Gross Rent Multiplier | 16.2 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.34 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.67/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 4 | £1,330 | 1,200 |
Bike Score ®
Very Bikeable (72)
zoning
| Zoning Code | R-9 |
| R-9 |
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14616 Se 1st St
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