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Fifth Street Townhomes

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Address: 1417 Fifth St, Wenatchee, WA 98801, USA

Seattle & Northwest + Apartment Buildings

Created date: September 19, 2024

Date last updated: September 23, 2024

BUILD-TO-RENT: High-quality built-to-rent new construction property. Build-to-rent is in high demand because it provides larger living spaces and higher quality of living.
STABILIZED ASSET: The property is 100% occupied with a combination of Single-Room-Occupancy and full unit leases maximizing income.
CENTRAL WENATCHEE LOCATION: Located directly across from Wenatchee Valley College and within 5 minutes of all Wenatchee has to offer.
OPERATIONAL FLEXIBILITY: The townhomes can be leased and managed as a traditional townhome-style multifamily or as a Single-Room-Occupancy property to attract college students and faculty.

Property Description

Fifth Street Townhomes is a newly built 14-unit townhome-style community in Wenatchee, WA. Each 1,900 square foot unit contains 3 bedrooms, 3.5 bathrooms, and can be leased by the unit, or by the individual room. Constructed with high quality materials and finishes, the units feature stainless steel appliances, LVP flooring, and in-unit washer/dryer.Located directly across from Wenatchee Valley College, the property attracts college students and faculty alike. Downtown Wenatchee is a short 5-minute drive or 7-minute bike ride to all amenities including restaurants, shopping, and the Wenatchee Riverfront Park. All major Wenatchee employers are close, including Central Washington Hospital & Clinics, Columbia Valley Community Health, and Stemilt Growers.Built in 2023, and fully stabilized, the property is an ideal size for investors looking to add to their portfolio in the highly desirable Wenatchee market and may be paired with similar townhomes in the market to scale quickly.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$5,200,000
No. of Units:	14
Year Built:	2023
Lot Size:	0.92 Sq ft
Opportunity Zone:	No
Price per unit:	$371,429
Property Website	Click Here