1016 Peach RdWinlock, WA 98596

This exceptional Class A, two-unit apartment building presents a compelling investment opportunity. Built in 2023, this nearly new duplex boasts a prime location just off Highway 505, providing convenient access to Interstate 5 and situated within a thriving new development. Each of the two units offers a spacious layout, featuring two primary bedrooms, each with its own ensuite bathroom and walk-in closet. Luxury vinyl plank flooring flows throughout, enhancing the modern aesthetic. Individual fenced yards provide privacy, while mini-split systems ensure comfortable climate control, with ducting extending to each bedroom and bathroom. Adding to the convenience, each unit includes a one-car garage equipped with an automatic opener. Tenants are responsible for all utilities, maximizing your return on investment. The property sits on a 0.08-acre lot and totals 2,304 square feet, with a current NOI of $37,339 and a pro-forma NOI of $37,939. The asking price is $525,000, representing a compelling cap rate of 7.11% and a pro-forma cap rate of 7.23%. Located in the growing community of Winlock, Washington, between Portland and Olympia, this property offers a premium investment opportunity with strong potential for future appreciation. The property's address is 1016 Peach Rd, Winlock, WA 98596, and its APN is 015628002019. The current occupancy is 100%.