1100 S Pearl Street Centralia, WA 98531
1100 S Pearl Street
Centralia, WA 98531
$4,450,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.
Property Features
Community: Centralia
10+ Units
Exterior: Wood Products
Roof: Composition
Year Built: 1970
2026 Taxes: $22097.00
Buyer Broker Comp.: 2%
Listing #: 2493118
Lot Details
Lot Size: 1.24 acres
Community Golf Course
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Schools
District: Centralia
Call or Email:
Grace Wamwere
What's Near 1100 S Pearl Street Centralia, WA 98531?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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