$210M apartments sold only 3 years into brokerage. Inland Northwest Multifamily Specialist. Cell: (509) 410-1990
Tri-Cities, WA
Joined December 2011
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Multifamily investing has been a rollercoaster for six years and nearly every owner we talk to is tired of the ride.
This Thursday's Invest InlandNW steps back from the day-to-day and outlines where we've been and where we're heading.
Not subscribed? Link in the comment.
Just Listed | Bungalows at Ben Burr
- 28 townhome-style units on Spokane's South Hill
- Offered at $6.2M ($221k/unit), and a 6.06% in-place cap rate
- 21 units renovated, offering NOI upside through completing the final 7
DM for details, or visit the website. Link in replies!
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Three years of waiting for rates to fall. They went up instead.
This Thursday's Invest InlandNW lays out both sides on Inland Northwest rates and pricing: the reasons to be bearish, the reasons to be bullish, and how to choose.
Not subscribed? Link in the reply.
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Just Listed | The Avenues
Fully renovated 17-unit multifamily in Hermiston, OR
- $2.7M ($159k/unit), 6.39% in-place and 7.64% pro forma cap rates
- Turnkey and stabilized, with infill potential
- Data center-driven job growth
Link in replies, or call me at (509) 410-1990
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Access our Document Locker here: lords-apartments.multifamily…
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Now offered at $1.2M | $120k/unit | 6.33% in-place cap
10 renovated units blocks from downtown Walla Walla:
• 6 renovated units
• 4 recently redeveloped units
• Stable in-place cash flow
• Reduced near-term CapEx
Details in the link below or call Mason: (509) 410-1990
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Access our Document Locker here: guardian-business-center.mul…
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Price Improvement for Guardian Business Center!
- Now offered at $2.8M, or $93K per bay
- 30-bay small-bay industrial property with functional, grade-level space
- 6.78% current cap rate with multiple paths to upside
Link in the comments, or call (509) 410-1990 for details.
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Access our Document Locker here: mabton-site.multifamilymason…
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Price Improvement | Mabton Development Site
Now offered at $1,250,000!
- 8.16-acre multifamily development site
- Utilities to site
- R-2 Zoning
- Ideal for Affordable, workforce & farmworker housing
Access more information in our Document Locker. Link in Comments!
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Is the equity in your property earning its best possible return?
Last month we reviewed two paths: decline by default, or out-operate the market. There is a third option.
September's edition of Invest InlandNW unpacks this option.
Not on the list? Sign-up link in the comments!
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Run a property doing $200k of NOI today for a year on autopilot & it lands near $150k. Run it actively & it lands near $225k.
Now that values and NOI have recoupled, that $75k is ~$1.2M in value & ~$900k in refi proceeds.
Full breakdown in Invest InlandNW. Link in the comments!
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Access the Document Locker here: hopkins4.multifamilymason.co…
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Just Listed | Hopkins4
This 4-unit Pasco property offers an accessible entry into the Tri-Cities multifamily market. Offered at $575,000 with a 5.38% current cap rate and 7.29% proforma cap rate.
Link in comments or call Mason at (509) 410-1990 for details
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