890 Dougherty Drive NE, Castle Rock, WA 98611

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890 Dougherty Drive NE, Castle Rock, WA 98611

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Courtesy of: Joseph Kinkopf | Westlake Associates, Inc.
$2,700,000 Castle Rock, WA 98611
  • 1.21 Acres
  • Cowlitz County

Key Features

  • MLS ID: NWM2011946
  • Year Build: 1976
  • Status: Active
  • Property Type: Residential Income
  • Area: 414 - North County
  • Exterior: ["Wood Products"]
  • Address: 890 Dougherty Drive NE, Castle Rock, WA 98611
  • City: Castle Rock
  • State: WA
  • Zip: 98611
  • County: Cowlitz

Description

East Village Apartments is a 19 unit, 2-story building is made up of one 1Bed/1Ba, one Studio and 17 townhouse style 2Bed/1.5Ba units. In-place 6.66% Cap Rate with additional upside opportunities with full implementation of utility bill back. The rental survey demonstrates market rents of $1300 for the 2 bedrooms, with potential to push further with additional upgrades. Roofs replaced approx. 5 years ago, upgraded vinyl double pane windows, large storage units onsite with potential source of added income. 18 total carports.

Property Map

Heading south on I-5 S, take exit 49 toward Castle Rock / Toutle. Turn left on Huntington Ave N, continue on Mt. St. Helens Way NE. Turn right on Dougherty Dr NE, site is on the right.

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