Bella Rose Townhomes | 3005 Russell Rd
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Bella Rose Townhomes 3005 Russell Rd
9 Unit Block of Flats £2,353,230 (£261,470/Unit) 5.88% Net Initial Yield Centralia, WA 98531
Executive Summary
Bella Rose Townhomes presents a rare investment opportunity in Centralia, Washington. This new construction, nine-unit townhome complex offers luxury living in an area with high demand and limited new development. With a low vacancy rate of 1.4% in Centralia, Bella Rose Townhomes is well-positioned to attract stable, long-term tenants seeking quality rental options.
THE PROPERTY
Bella Rose Townhomes, located at 3005 Russell Rd in Centralia, is a new construction development completed in 2024. The complex consists of nine spacious, luxury townhomes, each 1,780 square feet, featuring three bedrooms, two and a half bathrooms, and modern amenities. Each unit is equipped with a stainless-steel appliance suite, including a dishwasher and built-in microwave, washer/dryer hookups, and a private garage. The professionally landscaped property offers ample parking for residents, and tenants pay a flat rate of $125 for utilities while being individually billed for electricity. Units are currently leasing for $2,250 per month, aligning with the property’s upscale amenities and spacious layouts.
Apartment features luxury vinyl tile flooring, granite countertops, air conditioning, dishwashers, and private fenced yards, while the community offers a range of amenities, including a pool, onsite leasing office, laundry facilities, and a community room. The property’s strategic location provides easy access to shopping, dining, and natural attractions like Powell Butte Nature Park. Additionally, the property is within the Centennial School District, enhancing its appeal for tenants.
THE NEIGHBORHOOD
Centralia, a historic railroad town, has evolved into a vibrant community with a growing demand for housing. Located midway between major Northwest cities, Centralia became a shopping destination with the establishment of the Northwest’s first factory outlet center in 1988. The vintage downtown has since developed into a unique marketplace featuring antique shops, art galleries, and specialty stores, drawing both residents and tourists alike. Centralia’s proximity to major cities, combined with a small-town charm and an increasing influx of visitors, adds to the area’s appeal for tenants.
THE PROPERTY
Bella Rose Townhomes, located at 3005 Russell Rd in Centralia, is a new construction development completed in 2024. The complex consists of nine spacious, luxury townhomes, each 1,780 square feet, featuring three bedrooms, two and a half bathrooms, and modern amenities. Each unit is equipped with a stainless-steel appliance suite, including a dishwasher and built-in microwave, washer/dryer hookups, and a private garage. The professionally landscaped property offers ample parking for residents, and tenants pay a flat rate of $125 for utilities while being individually billed for electricity. Units are currently leasing for $2,250 per month, aligning with the property’s upscale amenities and spacious layouts.
Apartment features luxury vinyl tile flooring, granite countertops, air conditioning, dishwashers, and private fenced yards, while the community offers a range of amenities, including a pool, onsite leasing office, laundry facilities, and a community room. The property’s strategic location provides easy access to shopping, dining, and natural attractions like Powell Butte Nature Park. Additionally, the property is within the Centennial School District, enhancing its appeal for tenants.
THE NEIGHBORHOOD
Centralia, a historic railroad town, has evolved into a vibrant community with a growing demand for housing. Located midway between major Northwest cities, Centralia became a shopping destination with the establishment of the Northwest’s first factory outlet center in 1988. The vintage downtown has since developed into a unique marketplace featuring antique shops, art galleries, and specialty stores, drawing both residents and tourists alike. Centralia’s proximity to major cities, combined with a small-town charm and an increasing influx of visitors, adds to the area’s appeal for tenants.
Property Facts
| Price | £2,353,230 | Property Subtype | Apartment |
| Price Per Unit | £261,470 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.88% | Building Size | 16,020 SF |
| Gross Rent Multiplier | 12.35 | Number of Floors | 2 |
| No. Units | 9 | Year Built | 2024 |
| Property Type | Residential |
| Price | £2,353,230 |
| Price Per Unit | £261,470 |
| Sale Type | Investment |
| Net Initial Yield | 5.88% |
| Gross Rent Multiplier | 12.35 |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 16,020 SF |
| Number of Floors | 2 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2.5 | 9 | - | - |
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