1016 NE 86th St
Vancouver WA 98665
Sydney Court
1016 NE 86th St Vancouver WA 98665
Listing #: 676001 | Status: Available | Last Modified: 4/4/2024 |
For Sale
- Phone:(206) 612-2475
- Email:tsmith@northmarq.com
- Office Name:Northmarq Commercial, LLC
- Office Phone:(425) 454-8699
- Office Website:
- Agent Phone:(206) 321-8344
- Agent Email:jkinkopf@northmarq.com
- Agent Phone:(425) 749-9593
- Agent Email:bgreenheck@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,900,000.0
- $/SF$ 238.2
- $/Unit$ 195,000.0
- Listing StatusAvailable
- Days on Market125
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.45 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units20
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units20
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF16370
- Net Rentable Area16370
- Total Office SF
- Largest Contiguous SF
- Lot SF21344
- Acres0.49
- Property TypeMulti-Family
- Office Type
- Building ClassC
- CountyClark
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaClark County
- Tax ID #097976-011
- Additional Parcels
- ZoningGC
- # Covered Spaces0
- # Uncovered Spaces23
- Total Parking Spots23
- Parking Ratio
- Year Built1968
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Sydney Court
We are pleased to present Sydney Court in Vancouver, Washington. This 20 unit, turnkey asset is available at an in place 6.45% cap rate with potential for an additional 11% in EGI to be captured by renovating the remaining unrenovated units. Currently 14 of the 20 units are renovated and achieving premium rents. The building is composed of 18 two-bedroom units, 1 two bedroom townhome unit, and 1 three-bedroom townhome unit. All units have an in-unit WD and the property received a new roof, exterior paint, and parking lot update.
