101 W 4th Ave Metaline Falls, WA 99153
Your rare opportunity to own a 57 unit, five story apartment building! Property has 29 one bedroom, 18 studio and 10 two bedroom units, all with single bathrooms, and full basement with community laundry, bathrooms, and rec area. All floors accessible by elevator, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was originally built in 1929 as two levels, and the additional top 3 levels were added in the early 1950's. Property currently has over a 7.3% cap rate, with a projected 8%+ cap rate in 2024! The building is serviced by the local PUD utilities
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPend Oreille
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID Number202416427
- Home Size Source N/A
- Year Built1953
- Lot Size0.32 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other
- Construction Brick
- Parking Off Site
- Basement FinishedRec/ Family AreaSee Remarks
- Acreage 0.32
Interior Features
- Heating Electric
Exterior Features
- Roof Flat
- View City
- Lot LevelCorner LotIrregular Lot
- Road Frontage City Street
Community Features
- Association Amenities LaundrySee Remarks
- MLS Area A943/182