1100 S Pearl Street, Centralia, WA 98531
- $3,999,000
- 21,216
- SqFt
Listing courtesy of Windermere Northwest Living.
- List Price
- $3,999,000
- Status
- ACTIVE
- MLS#
- 2493118
- Price Change
- ▼ $251,000 1779856736
- Days on Market
- 314
- Style
- 56 - 10+ Units
- Finished SqFt
- 21,216
- Area Total SqFt
- 21216
- Annual Tax Ammount
- 23058
- Lot Size (sq ft)
- 54,014
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.
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Additional Information
- List Date
- 2025-09-18 23:30:20
- Community
- Centralia
- Net Operating Income
- $311,289
- Gross Adjusted Income
- $459,560
- Gross Scheduled Income
- $459,560
- Total Monthly Income
- $35,783
- Insurance Expenses
- $24,388
- Water/Sewer/Garbage Expenses
- $42,337
- Gross Rent Multiplier
- 8.7
- Total Expenses
- $148,271
- Cap Rate
- 7.78
- Unit Name
- 1100
- Potential Terms
- Cash, Conventional
- Year Built
- 1970
- Roof
- Composition
- Electric Expenses
- 3281
- Other Expenses
- 55207
- Energy Source
- Electric
- School District
- Centralia
- Total Monthly Income
- $35,783
- Gross Scheduled Income
- $459,560
- Gross Adjusted Income
- $459,560
- Tax Year
- 2026
- Insurance Expense
- $24,388
- W/S/G Expenses
- $42,337
- Total Expenses
- $148,271
- Net Operating Income
- $311,289
- Gross Rent Multiplier
- 8.7
- Cap Rate
- 7.78
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.