32 two bedroom apartments with approximately 800
square feet each
40 two bedroom townhouses with approximately 900
square feet each
10 three bedroom townhouses with approximately 1200
square feet each
Total of 82 units on 3.5 acres, all regularly
maintained and in good condition
Located very close to Grays Harbor Community College. Occupancy
rate, on an annualized basis, holds at about 90%.
Roughly $ 500,000 has been reinvested back into this
multiple family complex over the past 3 years, including new siding, new
appliances, improved sidewalks, apartment renovations, painting.
2002
2003 Forecast
Gross Annual income
$ 394,000
$ 409,000
Recurring Expenses
$ 136,000
$ 138,000
Gross Profit
$ 258,000
$ 271,000
Available for Sale at $ 2.4 million. Some seller
financing may be available to well qualified buyers. Bring offers soon. This
will not last for long!
