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Kinney Way Apartments

1206, Kinney Way, Prosser, WA 99350
$1,390,000

Description

Kinney Way Apartments (Status: Pending)

1206, Kinney Way, Prosser, WA  99350

Download the Offering Memorandum today for all the property, financials, and location details. You will have a difficult time finding a better cashflow deal in Eastern Washington in today’s market! In-place levered cash-on-cash return potential of 7.7% and proforma 16.9%. This opportunity features under-market rents of $261 per unit per month. Market rent has been proven in recently leased Unit C of $1,025 without any additional upgrades to exterior or interiors. Sale also includes a development opportunity on a vacant lot and the manufactured home lot, totaling 0.367 acres which would allow for 7 units under current Prosser zoning: Residential, High Density. The apartments have been self-managed for 8 years, providing owner with stable cashflow in a growing Prosser market. The cu

Listing Details

Asset Class: Multi-Family
Year Built: 1978
Building Total Square Feet: 12078
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 25
Local Zoning Information:

CBA

Listing Courtesy of: The Paragon Group

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 1206, Kinney Way, Prosser, WA 99350
  • City: Prosser
  • State/county: WA
  • Zip/Postal Code: 99350
  • Neighborhood: Benton County
  • Country: United States

Detail

Updated on September 20, 2021 at 8:28 pm

  • Property ID: 642283
  • Price: $1,390,000.00/For Sale
  • Property Size: 12078 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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