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The Broker Network, LLC

info@tbnrealty.com +1(503) 465-5077

Listed by:Kidder Mathews • Brian Richardson

$ 715,000

Est. payment | -/mo

6 Beds

4 Baths

5,227 Sqft Lot

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$ 715,000

Est. payment | -/mo

Save

6 Beds

4 Baths

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Edison

MLS Listing ID 2591597

Style 54 - 4-Plex

Bedrooms 6

Year Built 1935

Annual Tax Amount $5,703

Lot Size 5,227 Sqft

Property Sub-Type Multi Family

Property Description

FULL MARKETING PACKAGE IN SUPPLEMENTS. 500 Hillkress combines renovated apartments, a convenient Centralia location, and several avenues for income growth. The two-story building features brick veneer, four approximately 750-square-foot apartments, a basement, shared on-site laundry, off-street parking, and a separately rented garage. Improvements include a comprehensive 2016 remodel with updated kitchens and bathrooms, full electrical rewiring and new panels, approximately 98% new plumbing, a replacement membrane roof, thermal double-pane windows, and two gas water heaters installed in 2020. Residents benefit from a very walkable setting with access to downtown shops and dining, Centralia College, parks, and the Amtrak station, while nearby I-5 connects the property to regional employment centers. Healthcare, education, manufacturing, and distribution employers provide a broad potential renter base. An investor will benefit from opportunities from lease-timed rent increases, utility recovery, and additional use of basement or garage space, subject to city approval. Estimated to return 10.5% cash-on-cash under the Year 1 pro forma, giving investors a compelling reason to explore the financial analysis and income-growth strategy.

Location

State WA

County Lewis

Area 426 - Centralia

Interior

Fireplace false

Exterior

Exterior Feature Brick

Garage Spaces 1.0

Amenities Available Cable TV, Gas Available

View Y/N No

Roof Type Flat

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Centralia

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry, VA Loan

Listing Terms Cash, Conventional, Owner Will Carry, VA Loan

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

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+1(503) 465-5077

info@tbnrealty.com

320 N Main Ave #213, Gresham, Oregon 97030, USA

500 Hillkress ST Centralia, WA 98531

The Broker Network, LLC

Key Details

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Interior

Exterior

Building

Schools

Others

Nearby Locations

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500 Hillkress ST