1210 S Kinney Way
Prosser, WA 99350
12078 sqft | 0.74 acres | #1819541
Description
Download the Offering Memorandum today for all the property, financials, and location details. 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 current owner has invested $53,500 in capital improvements in both interior and exterior renovations since 2013.
Interior Details
- InteriorForced Air
Property Details
- ViewMountain(s)
- Lot DescriptionPaved
- Exterior MaterialsWood
- Stories2
Measurements
- Acres0.742
- Square Feet12078
Construction Details
- Property TypeMulti-Family
- Style54 - 4-Plex
Condition
- Year Built1978
Utilities / Energy Details
- Sewer InformationAvailable
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionProsser
Location
- School DistrictProsser
- CountyBenton
Financial Details
- Original List Price$1,390,000
- Taxes Annual$8,781
- Days on Market (Cumulative)41
Other
- MLS #1819541
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2021-09-15 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Courtesy
Listing Agent: Mason Fiascone (#NWM135380)
Listing Office: The Paragon Group (#NWM6730)
Listing Courtesy (Buyer)
Buyer's Agent: Mason Fiascone (#NWM135380)
Buyer's Office: The Paragon Group (#NWM6730)
