212 - 216 Antles Ave
Wenatchee WA 98801
Aspen Heights
212 - 216 Antles Ave Wenatchee WA 98801
Listing #: 679838 | Status: Available | Last Modified: 4/8/2024 |
For Sale
- Phone:(206) 774-5436
- Email:Aaron@tfgre.com
- Office Name:The Foundation Group
- Office Phone:(206) 324-9424
- Office Website:
- Agent Phone:(206) 774-5422
- Agent Email:isaac@tfgre.com
- Agent Phone:(206) 774-5419
- Agent Email:ethan@tfgre.com
- Agent Phone:(206) 295-8657
- Agent Email:campbell@foundationgroupre.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,750,000.0
- $/SF$ 170.2
- $/Unit$ 159,722.2
- Listing StatusAvailable
- Days on Market28
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income533,999
- Vacancy Factor %5.00%
- Operating Expenses199,326
- Net Operating Income307,973
- CAP Rate 5.82 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units36
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.82 %
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units36
- # of Elevators0
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF33788
- Net Rentable Area33788
- Total Office SF
- Largest Contiguous SF
- Lot SF70567
- Acres1.62
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyChelan
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaChelan County
- Tax ID #222015765135
- Additional Parcels222015462001, 222015765140, 222015765145
- ZoningRH
- # Covered Spaces0
- # Uncovered Spaces99
- Total Parking Spots99
- Parking Ratio
- Year Built2003
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Aspen Heights
Aspen Heights is a well-positioned, jewel asset in Wenatchee being offered for the first time in nearly two decades. Within walking distance tenants will enjoy an abundance of local amenities including Downtown Wenatchee, Py- bus Public Market, a collection of trail heads and a short drive to Wenatchee Confluence State Park. The property is eastern facing situated on a bluff overlooking the Co- lumbia River with sweeping views of the Cascade Range foothills. The asset is exclusively 2-bedroom 1 bath and 2-bedroom 1.5 bath. Units are in original condition featuring spacious layouts and washer dryer hookups offering a value-add strategy for an investor. Having been built in stages be- tween 1996 and 2003 the roofing is original, buildings are copper plumbed and have modern electrical panels.
