$ 475,000
-
$475,000
Price -
7
Bed -
7
Bath -
4,228
SqFt
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About the Listing 501 - 131092,126981
Brand new roof on this Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a STRONG 12% Net Cap Rate and TREMENDOUS Gross Rent Multiplier of 6.35! New improvements include a brand new commercial-grade TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, credit bureaus, debt to income ratios, etc. Leases and Financials available upon request. No Seller Equity Contract Carry Terms will be accepted whatsoever.
Listing Highlights
Status
Active
Days on Site
90
Property Type
Multi-Family
MLS ®
2484253
Year Built
1951
Total Square Footage
4,228
Lot/Acreage
0.42
County
Douglas
Neighborhood
Bridgeport
Area
968 - Bridgeport
School District
Bridgeport
Elementary School
Bridgeport Elementary
Middle School
Bridgeport Middle
High School
Bridgeport High
Interior Details
- Bedrooms: 7
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Bridgeport
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 12
- Roof: See Remarks
- Others: Stucco,Updated/Remodeled
- Sewer: City of Bridgeport
Financial Details
- Tax Amount: $1,850
- Taxes w/Assessments: N/A
- Tax/Property ID: 00202701300
- Tax Year: 2026
Payment Calculator
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Questions About..
616 Columbia Ave Bridgeport, WA 98813
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