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Listed by:Northmarq Multifamily, LLC • Steve Fischer

$ 3,650,000

Est. payment | -/mo

41 Beds

21 Baths

17,400 SqFt

Save

$ 3,650,000

Est. payment | -/mo

Save

41 Beds

21 Baths

17,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,400 sqft

Price per Sqft $209

Subdivision Hazel Dell

MLS Listing ID 2564972

Style 56 - 10+ Units

Bedrooms 41

Year Built 1968

Annual Tax Amount $30,074

Lot Size 0.480 Acres

Property Sub-Type Multi Family

Property Description

We are pleased to present Sydney Court, a 20-unit apartment community in the Hazel Dell neighborhood of Vancouver, Washington. Built in 1968 across two buildings, the property offers two-bedroom, one-bath and three-bedroom, two-bath floor plans averaging 870 square feet, with full-size in-unit washers and dryers in every home. Offered at $3,650,000 ($183,000 per unit / $210 per NRSF), the property delivers a 6.53% in-place cap rate with current rents approximately 7.89% below market. Eighteen of the twenty units have been extensively renovated with stainless appliances, quartz counters, new cabinets, flooring, trim, doors, and lighting, and the roof was replaced in 2022, minimizing near-term capital needs. The Hazel Dell location offers convenient access to a major retail corridor anchored by Walmart, Target, and Kohl's, plus Hazel Dell Marketplace, area employment centers, and regional transportation.

Location

State WA

County Clark

Area 1043 - City Center West

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood

View Y/N Yes

View Territorial

Roof Type Flat

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Eisenhower Elementary

Middle Schools Jefferson Middle

High Schools Skyview High

School District Vancouver

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

+1(360) 733-3030

frontdesk@muljatgroup.com

510 Lakeway Dr, Bellingham, WA, 98225, USA

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1016 NE 86th ST Vancouver, WA 98665