T-Street Apartments
2008 East 4th Plain Boulevard, Vancouver, WA 98661
Price$4,949,997
Number of Units40
Price/Unit$123,750
Property TypeMultifamily
Cap Rate6.59%
Highlights
- Location — Vancouver Neighborhood, Close in to area freeways
- Upgraded Units — Select Units with Interior Upgrades
- Exterior Upgrades — Newer Roof and Exterior Paint
Description
Built in 1976, The Tstreet Apartments are unique among the housing choices in Vancouver, WA. The property is comprised of 40 apartment homes with (34) 1 bedroom/1 bathroom and (6) 2 bedroom/1 bathroom units. The property offers off street parking, laundry facilities on site and great access to area highways and freeways. Recently turned units have seen significant increases in rent due to improving market conditions. The Tstreet Apartments are made up of 3 two story buildings with wood frame construction and newer pitched composition roof.
Financial Summary
- Pro Forma NOI: $326,030
- Pro Forma Cap Rate: 6.59%
Gallery