9100 15Th AveVancouver, WA 98665

Property Details for 9100 15Th Ave

Year built

1984

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Oak Terrace Apartments, located at 9100 NE 15th Ave, Vancouver, WA 98665, presents a compelling investment opportunity in a stabilized multifamily asset. This 1984-built, two-story apartment building comprises 25 efficiently designed one-bedroom units, totaling 12,680 net rentable square feet. Situated on a substantial 34,412 square foot lot, the property offers significant potential for value enhancement. The current asking price is $3,950,000, translating to $158,000 per unit. The property's low-maintenance design and current operational efficiency make it an attractive prospect for immediate returns. Existing management practices offer opportunities for increased profitability, while the oversized storage unit presents a possibility for adding an additional unit, further maximizing the property's value. This single-building complex presents a streamlined management structure, minimizing operational complexities and maximizing efficiency. The property's location in Vancouver, Washington, within Clark County, provides access to a stable rental market. This is a rare opportunity to acquire a well-maintained, income-producing apartment building with significant upside potential.

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.688

Longitude

-122.657

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