101 4 AveMetaline Falls, WA 99153

This exceptional investment opportunity presents a 57-unit apartment building located at 101 W. 4th Ave, Metaline Falls, WA 99153. The property, situated on a 0.32-acre lot, boasts a mix of unit sizes: 29 one-bedroom, 18 studio, and 10 two-bedroom units, each with a single bathroom. A full basement provides ample space for a community laundry, bathrooms, and a recreation area. All floors are conveniently accessible via elevator, and individual metering for each unit is possible. Electric heat and newer vinyl thermo-pane windows enhance energy efficiency and comfort. The building's concrete and brick structure, originally constructed in 1929 and expanded in the early 1950s to five stories, is well-maintained and features spacious, clean units. Currently exhibiting a cap rate exceeding 7.3%, projections indicate an 8%+ cap rate for 2024. Utilities are provided by the local PUD. This is a rare chance to acquire a substantial multifamily property in a desirable location with significant income potential. The asking price is $3,200,000.