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Clearwater Square (Partnership Interest)

5031 W. Clearwater Avenue, Kennewick, Washington 99336

$16,500,000

Status:
Available
County:
Benton
Units:
175
Year Built:
1979
Unit Price:
$94,286
Land Size:
7.51 acres
Building Size:
106,600 sq. ft.
Price per SF:
$155
CAP Rate:
5.57%
Unit Mix:

175 units consisting of (84) studios, (48) 1-bed 1-bath, and (43) 2-bed 1-bath apartments.

Floors:
3
Rec Room:
Yes
Fitness Center:
24-hour
Open Parking:
Yes
Laundry Room:
Yes
Rental Office:
Yes
On Site Manager:
Yes
Covered Parking:
Yes
Garages:
Yes
Siding:
Wood
Roof Type:
Composite
Heat Type:
Electric
Fireplace:
Yes
Playground:
Yes
Pool:
Seasonal outdoor
Hot Tub:
Yes
Patio Deck:
Yes
Property Photo

Clearwater Square is a 175-unit property with a desirable unit mix. The property has extensive amenities including a 24-hour fitness center, outdoor spa, seasonal outdoor pool, BBQ picnic area, and kiddie play area. The apartments have air conditioning and wood-burning fireplaces. The property value is $16,500,000 and the offering is a 43% parttnership interest of this amount.

175
Units
1979
Year Built
106,600
SQ. FT.

Property Location