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La Verde Apartments (Partnership Interest)

1201 Del Mar Court, Richland, Washington 99354

$21,000,000

Status:
Available
County:
Benton
Units:
196
Year Built:
1976
Unit Price:
$107,143
Building Size:
186,635 sq. ft.
Price per SF:
$113
CAP Rate:
5.68%
Unit Mix:

196 units consisting of (31) 1-bed 1-bath, (8) 2-bed 1-bath, (114) 2-bed 2-bath, (22) 3-bed 2-bath, and (21) 3-bed 2-bath apartments.  

Floors:
2
Rec Room:
Yes
Fitness Center:
Yes
Open Parking:
Yes
Laundry Room:
Yes
On Site Manager:
Yes
Siding:
Wood
Roof Type:
Composite
Heat Type:
Electric
Playground:
Yes
Pool:
Seasonal outdoor
Patio Deck:
Yes
Property Photo

La Verde Apartments is comprised of 48 four-plex buildings with a mix of townhomes and flats. Units are generous in size and the asset offers a centrally located clubhouse with fitness center, pool table, an outdoor seasonal pool and kiddie play area, and picnic areas. The property value is $21,000,000 and the offering is a 43% partnership interest of this amount.

196
Units
1976
Year Built
186,635
SQ. FT.

Property Location