9100 15Th Ave Vancouver, WA 98665
- Commercial real estate
Current Use by Public Records
- Oak Terrace Apt. / Apartment Complex
Property Details for 9100 15Th Ave
- Year built
- 1984
- Property type
- Commercial real estate
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.
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
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.6571563
- Latitude
- 45.6879504
