Jonathan Nicoli
My Listings
Search all my property listings
Featured Property
285 22nd Ave
Longview, WA 98632
16 Baths
,
18,400 Sq. Ft.
$4,200,000
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor's dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder's warranty in 2024. Offers remarkable 6.56% cap rate Year 1 Actuals, 11.8 GRM & 23.7% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Long-term 5-year medical provider lease in place for 4 units 23% above-market rents. Option for 1-2 more fourplex, if larger portfolio is desired. Offering Memo for portfolio of 4 fourplexes but open to offers for indiv. 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave.
$12,000
• Tacoma, WA
