11111 NE 48TH CIR, Vancouver, WA 98682
- $1,995,000
- List Price
- $1,995,000
- Days on Market
- 41
- MLS#
- 550990900
- Property Type
- Multifamily
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Vancouver: Evergreen
- Status
- ACTIVE
Property Description
Excellent investment opportunity! This well-maintained 8-plex offers a turnkey addition to any portfolio, blending strong rental demand with immediate cash flow. Ideally situated for high tenant retention, the property is conveniently located directly on a major bus line, just minutes from shopping centers, dining, and easy freeway access. The property features plenty of parking for each unit, ensuring hassle-free parking for all residents. Tenants will enjoy the outdoor common space perfect for gatherings, while the owner will appreciate the attached coin-operated laundry room that provides a steady stream of increased ancillary revenue. Inside, pride of ownership shines with most units boasting newer laminate flooring, updated kitchens, and modernized bathrooms. With major capital expenditures already addressed and a location that practically rents itself, this asset is primed for long-term appreciation and consistent returns.
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Additional Information
- Tax Amount
- $12,448
- Year Built
- 1982
- High School
- Heritage
- Elementary School
- Orchards
- Middle School
- Covington
- Acres
- 0.30
- Stories
- 2
- Subdivision
- KEVANNA PARK
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Trash Collection, Water
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Vinyl Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Road Surface
- Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1550
- Unit Type One Sq Ft
- 806
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 3
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1475
- Unit Type Three Sq Ft
- 806
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1450
- Unit Type Four Sq Ft
- 806
- Unit Type Four Units Total
- 2
- Unit Type Five Rent
- 1200
- Unit Type Five Sq Ft
- 686
- Unit Type Five Units Total
- 1
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Listing courtesy of Realty Pro, Inc..
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