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Van Mall North

9009 NE 54th Street, Vancouver, Washington 98662

$11,460,000

Status:
Available
County:
Clark
Units:
52
Year Built:
1996
Unit Price:
$220,385
Land Size:
3.29 Acres
Building Size:
62,575 sq. ft.
Price per SF:
$183
CAP Rate:
5.26%
Unit Mix:

Fifty-two (52) units consisting of twelve (12) one-bedroom, twenty-five (25) two-bedroom, and fifteen (15) three-bedroom apartments.

Floors:
2
Open Parking:
Yes
WD in unit:
Yes
Rental Office:
Yes
On Site Manager:
Yes
Garages:
Yes
Siding:
Wood
Roof Type:
Composite
Heat Type:
Electric
Fireplace:
Upper Units
Storage:
Yes
Patio Deck:
Yes
Property Photo

Van Mall North is a 52-unit apartment community in the attractive Vancouver sub-market of the Portland metro area. All of Van Mall North's apartments feature direct-access garages, a large utility room with full-size washer/dryer, and large breakfast bars that flow into the dining and living rooms. Each apartment has a master bedroom with a private bath and large walk-in closet. The upper floor apartments have wood-burning fireplaces and private decks. Ground floor apartments have open patios connecting to green space behind each building and built-ins for a large-screen entertainment center.

Van Mall North has completed renovations in approximately 77% of the apartments, proving increases of more than $150 per unit or 5.8% over classic finishes. There are 12 units with classic finishes remaining providing an opportunity to realize upside by updating these apartments.

52
Units
1996
Year Built
62,575
SQ. FT.

Property Location