MLS# 24010229 – 1604 X St, Vancouver, WA 98661 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty LLC.

Property Description

Description

8 Units

Status: Active

Year Built: 1972

Days on Website: 289

Located in one of Vancouver's sought-after neighborhoods, this 8 Plex presents a compelling investment opportunity for savvy investors. The property offers attractive features such as 14 parking spaces, a spacious basement with laundry facilities, and individual units featuring 2 bedrooms, 1 bath, and 812 sq feet of living space, complete with storage. The two-story building includes decks that provide scenic views of the surrounding area. Recent upgrades, new interior doors, new carpet, painted exterior like a new roof and updated siding enhance the property's appeal. Its strategic location near I-5, Clark College, and downtown Vancouver adds to its investment potential.

Property Details and Features

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

FullBasement,PartiallyFinished,StorageSpace

Building

Building Area Total:

6768

Built in 1972

Storage:

Basement,Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

AllLandscaping,Laundry

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

22000

Operating Expense:

$22,000

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab,StemWall

Heating

Heating Available

Heating:

WallFurnace,Zoned

Income

CAP Rate:

5.31

Gross Income:

$117,300

Gross Rent Multiplier:

15.3

Gross Scheduled Income:

$137,100

Net Operating Income:

$95,300

Net Scheduled Income:

115100

Listing

Contract Status Change Date:

2024-02-05

Days On Market:

288

Last Transaction Date:

2024-07-30 09:03:40

List Price:

$1,795,000

Listing Contract Date:

2024-02-05

Listing Id:

24010229

Mls Status:

Active

Modification Timestamp:

2024-08-07 02:30:01

On Market Date:

2024-02-05

Previous List Price:

$1,895,000

Rent Includes:

Electricity,Heat,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_12

County Or Parish:

Clark

Lot

Features:

Level,Sloped,Trees

Size Acres:

0.45

Size Range:

SqFt15000to19999

Size Square Feet:

19,602

Size:

15,000 to 19,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Incomplete,Leases,RentRecords

Parking

Features:

Carport,Driveway

14 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Fort Vancouver

Middle Or Junior School:

McLoughlin

Elementary School:

King

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,721

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,450

Area:

812

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,375

Area:

812

Features:

Dishwasher,Range,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,300

Area:

812

Features:

Dishwasher,Range,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Features:

Range,Refrigerator,Storage

Unit Six

Features:

Dishwasher,Range

Unit Eight

Area:

812

Features:

Dishwasher,Range,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity,Gas

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,795,000 -

1604 X St Vancouver , WA 98661

MLS Area Major: _12

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.