Address Map
USA
Washington
Benton
Richland
99354
Mahan Ave
1603
W120° 42' 47''
N46° 17' 36.8''
Additional Information
Derrick Stricker, CCIM, SIOR
23888
1006479
8,407 Sqft
1603 Mahan Avenue
Benton County
1
99336
WA
Kennewick
8486 Gage Blvd, Suite D
Property Description

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 aNet 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 inf

For Sale

1603 Mahan Ave, Richland, Washington 99354

  • Square Footage: 5,387 Sqft
$1,540,000
Listing ID#690021
QR Code
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 690021
Price : $1,540,000
Square Footage : 5,387 Sqft
Year Built : 1948
Status : Active
Office Name : StrickerCRE
Property Sub Type : Multi-family
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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StrickerCRE