13016-13024 28Th Way Vancouver, WA 98684

This exceptional investment opportunity presents a portfolio of five detached, single-family homes located in desirable East Vancouver, Washington. Each home boasts 1,624 square feet of living space, featuring three bedrooms, 2.5 bathrooms, and high-end finishes. These include stainless steel appliances, granite countertops, tile backsplashes, and engineered hardwood flooring on the main level. The primary suite is highlighted by vaulted ceilings, a luxurious en-suite bathroom with granite slab, tile floors, and a walk-in closet. Private, fully fenced yards enhance the privacy and appeal of each residence. Built in 2016, these Class A properties are situated on five separate tax lots (0.25 acres total), offering significant long-term flexibility. Currently 100% occupied (as of May 20, 2024), the portfolio generates a current NOI of $99,012, representing a 4.50% cap rate. Pro forma NOI is projected at $115,452, resulting in a 5.25% pro forma cap rate. The total square footage is 8,120, with an asking price of $2,199,000 ($270.81 per square foot and $439,800 per unit). The R-22 zoning provides further development potential. Financial statements and lease information are readily available upon request. Purchase agreements should include a clause for a subject-to-interior inspection. Please respect tenant privacy and refrain from disturbing occupants. This turnkey investment is ideal for adding to an existing portfolio or for a new investor seeking immediate income and strong appreciation potential.