Park Circle Apartments (Status: Available)
105, Lavender Ct, Wenatchee, WA 98801
Park Circle Apartments is a 31-unit apartment community located in Wenatchee, Washington just steps from Washington Park and within walking distance of the city’s historic downtown district. Designed by renowned architect Ira E. Cummings, this unique property consists of 7 buildings and benefits from limited competition and steady historical rental rate growth. This investment opportunity is a value at under $100,000 per unit, and features rent upside with minor cosmetic updates on turnover. Given current interest rates and possible loan amount, a cash return of around 6.5% is possible with a down payment of under 30%. Further, with the upside potentially achieved with cosmetic upgrades on turnovers, an investor may realize a cash return of over 8%.
Asset Class: Multi-Family
Year Built: 1948
Building Total Square Feet: 16717
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information:
Listing Courtesy of: Kidder Mathews
Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.