1801 1st Ave Unit 2B $199,900

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    1801 1st Ave Unit 2B Longview, WA 98632

    • 0.05 Acres
    • Commercial/Industrial
    Listing# 1350110 | Active
    Days On Market: 426 1 Views
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    Property Details

    Exquisite income producing office condo for sale in a well traveled area of Longview. This condo is offered at current CAP rate of 7.6% with a proforma CAP rate of 15.76%. This second floor office features 1,913 SF spread over 10 good sized offices, with a large reception/waiting area, an abundance of parking and great signage. This would be a great opportunity to add this investment property to your portfolio. Call today for your private tour.

    • General Features
      • County Cowlitz
      • Approx Building SqFt 1,913
      • Approx Office SqFt 1,913
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Office
      • Style 73-Office
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Stucco
      • Roof Tile
      • Floor Covering Wall-to-Wall Carpet
      • Features Elevator
      • Heating and Cooling Forced Air
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company City of Longview
      • Energy Source Electric
      • Power Company Cowlitz PUD
      • Number of Available Pads 0
      • Lot Square Footage 1,985
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 6
      • Cap Rate -NOI div LP 7.6
      • Gross Scheduled Income $36,195
      • Gross Adjusted Income $34,770
      • Total Expenses $0
      • NOI $15,148
      • Electrical Expenses $4,067
      • Tax Expense $1,980
      • Heating Expense $0
      • Insurance Expense $616
      • Other Expenses $14,384
      • Tax Year 2018
      • Annual Assoc. Dues $0

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    Neighborhood

    98632 (Longview) Demographics

    42Median Age
    375Population Density (per sq. mile)
    26%College Educated
    $41,824 Estimated Median Income
    11,532Estimated Total Home Owners
    8,053Estimated Total Renters
    59% / 41%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    48,512Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $269,900 Median Sales Price
    59 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $199,900
        8/22/2018 4:14:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.