457 6th Ave 1 Colville, WA 99114-3059

This exceptional investment opportunity presents a meticulously renovated six-unit multifamily property situated in the heart of Colville, Washington. Built in 1910 and completely renovated in 2024, this charming two-story building boasts 3,174 square feet of net rentable space on a 0.16-acre lot. The property features six one-bedroom, one-bathroom units, each designed for comfortable living. Residents enjoy a shared community yard perfect for summer gatherings, along with a convenient on-site coin-operated washer and dryer, and ample parking. Currently operating at 100% occupancy, this property generates a substantial net operating income (NOI) of $58,800, resulting in an attractive 6.90% capitalization rate. The asking price is $545,000, translating to $90,833.33 per unit. Located at 457 E 6th Ave, Colville, WA 99114, this property offers stunning mountain views and is zoned for residential use. Seller financing is negotiable, making this an even more compelling proposition for discerning investors. The strong rental history and high occupancy rate make this a low-risk, high-reward investment opportunity. Don't miss the chance to acquire this turnkey multifamily property in a desirable location.