1108 Chestnut St Clarkston, WA 99403
- Apartment buildings
- 7,720 SF
- 0.25 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1108 Chestnut St
- Lot size
- 0.25 lot acres
- Property size
- 7,720 SF
- Property type
- Apartment buildings
Description
This exceptional 11-unit apartment building, located at 1108 Chestnut St, Clarkston, WA 99403, presents a compelling investment opportunity. The property boasts a total of 7,720 square feet situated on a 0.25-acre lot. Comprising three buildings with two stories each, the complex underwent a complete renovation in 2018, resulting in modern, updated units with stylish finishes. Each of the 11 units offers contemporary comfort, and the flexible month-to-month rental agreements provide both owners and tenants with desirable flexibility. The property's strong financial performance is reflected in its asking price of $1,010,000, a price per unit of $91,818.18, and a price per square foot of $130.83. The current cap rate stands at 5.97%, with a pro-forma NOI of $60,268, indicating a solid return on investment. This Class B multifamily property is situated in Asotin County, Washington, offering a blend of historic charm and modern amenities, making it an attractive proposition for discerning investors seeking a stable and profitable venture in a desirable location. The property's location in Clarkston provides convenient access to local amenities and services. This is a turnkey opportunity for immediate income generation and long-term appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clarkston
- County
- Asotin
- State
- Washington
- Longitude
- -117.053
- Latitude
- 46.411
