For Sale
$545,000

457 6Th AveColville, WA 99114

Six-unit rental portfolio, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a meticulously renovated six-unit multifamily property situated in the heart of Colville, Washington. Built in 1910 and completely renovated in 2024, this charming two-story building boasts 3,174 square feet of net rentable space on a 0.16-acre lot. The property features six one-bedroom, one-bathroom units, each designed for comfortable living. Residents enjoy a shared community yard perfect for summer gatherings, along with a convenient on-site coin-operated washer and dryer, and ample parking. Currently operating at 100% occupancy, this property generates a substantial net operating income (NOI) of $58,800, resulting in an attractive 6.90% capitalization rate. The asking price is $545,000, translating to $90,833.33 per unit. Located at 457 E 6th Ave, Colville, WA 99114, this property offers stunning mountain views and is zoned for residential use. Seller financing is negotiable, making this an even more compelling proposition for discerning investors. The strong rental history and high occupancy rate make this a low-risk, high-reward investment opportunity. Don't miss the chance to acquire this turnkey multifamily property in a desirable location.

Highlights

  • Meticulously renovated six-unit multifamily property in Colville, WA.
  • 3,174 square feet on a 0.16-acre lot; built in 1910, completely renovated in 2024.
  • Six one-bedroom, one-bathroom units, currently 100% occupied.
  • $58,800 annual NOI, 6.90% cap rate, $545,000 asking price ($90,833 per unit).
  • Located at 457 E 6th Ave, Colville, WA 99114; Seller financing negotiable.

Property Details for 457 6Th Ave

Property type
Residential income homes
Year Built/Renovated
1910/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF
Units
6

Location Insight

City
Colville
County
Stevens
State
Washington
Latitude
48.5497879
Longitude
-117.9004376
457 6Th Ave, Colville, Washington

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457 6Th Ave
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