6 Totem Lane $2,500,000

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    6 Totem Lane Longview, WA 98632

    Pending

    $2,500,000

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    • 0 Beds
    • 0 Baths
    • Multi-Family
    • Listing# 1393873
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    Views: 152 Days On Market: 427

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    Property Details

    Amazing Opportunity. Private 8.9 acre rental income property. Eighteen Houses including One Duplex on 4 tax parcels for 19 doors total. Fully rented & occupied w/ many long term tenants grossing $16,925 in monthly rents. Tenants pay all utilities. Many of the homes have been updated w/ Vinyl windows & more. This unique property also features a build-able development opportunity w/ more than 2 acres of build-able open space. Plus three on-site storage buildings. Plentiful parking and green space.

    • General Features
      • County Cowlitz
      • County Cowlitz
      • Lot Details Open Space, Paved Street
      • Lot Square Footage 389,771
      • Number of Stories 1
      • Number of Units 19
      • Selling Office Commission 2.5%
      • Site Features Fenced-Partially, Outbuildings, RV Parking, Shop
      • Style 56-10+ Units
      • View Canal
      • Waterfront Canal
      • Year Built 1966
    • Building Features
      • Roof Compostion, Metal
      • Exterior Wood, Wood Products
      • Amenities Thermal Windows
      • Approx SqFt 0
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $16,925
      • Net Operating Income $169,752
      • Gross Scheduled Income $203,100
      • Gross Adjusted Income $182,760
      • Total Expenses $33,348
      • Other Expenses $0
      • Insurance Expenses $14,400
      • Expenses $33,348
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 14
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $18,948
      • Energy Source Electric
      • Heating and Cooling Baseboard, Radiant, Wall
      • Water Company City of Longview
      • Sewer Company Sewer Connected
    • Schools
      • School District Longview
      • Senior High Mark Morris High
      • Junior High Mt Solo Mid
      • Elementary School Robert Gray Elem

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    Neighborhood

    98632 (Longview) Demographics

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

    Market Last 30 Days In This Postal Code

    $276,750 Median Sales Price
    36 Homes Sold
    93 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,500,000
        2/6/2020 3:33:25 PM Status Changed Source New Value: Pending
        10/15/2019 2:21:52 PM Status Changed Source New Value: Active
        9/4/2019 2:41:32 PM Status Changed Source New Value: Pending
        12/19/2018 1:04:00 AM 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, 2020. 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.