415 2nd Ave, Pasco, WA 99301

NWMLS*Courtesy of The Paragon Group
415 2nd Ave
Pasco, WA 99301
$860,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Contingent
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Value-add 13-unit in East Pasco. Amazing price per unit and proforma cap rate with a clear path to achieving market rents. This is a fantastic investment opportunity for any multifamily investor to create forced appreciation. Proforma rental rates come from neighboring properties, proving the ability to achieve market rent on this block. Property has been self-managed since 2008, creating an opportunity for immediate value with efficient and professional management. New management can reduce operating expenses, decrease vacancy from 25% to below 8%, and implement utility billback programs to capture immediate value.
Property Features
  • Community: Pasco
  • 10+ Units
  • Exterior: See Remarks
  • Roof: Composition
  • Year Built: 1945
  • 2020 Taxes: $4631.00
  • Listing Number: 1809396
Lot Details
  • Lot Size: 0.64 acres
  • No. of Units: 13
Interior
  • Wall
  • Electric
Schools
  • District: Pasco
Call or Email:
Pat Lord

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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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