1016 Peach RdWinlock, WA 98596

Property Details for 1016 Peach Rd

Year built

2023

Lot size

0.08 AC

Property size (Sq ft)

2,304 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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%.

Location Insight

City

Winlock

County

Lewis

State

Washington

Latitude

46.4862

Longitude

-122.916

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