1929 W 10th Ave
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1929 W 10th Ave
32 Unit Apartment Building $15,146,028 CAD ($473,313 CAD/Unit) 6.32% Cap Rate Kennewick, WA 99336
Investment Highlights
- Brand new units
- Growing market
Executive Summary
Contact LA with questions.The sale includes 16 BRAND NEW duplex buildings for a total of 32 UNITS. This is a bundle sale. All buildings are currently under construction and will be completed in Jan / Feb 2025. 6.3% cap rate based on pro forma from a regional property manager. Sale includes: front and back landscaping, fencing on sides and back of all units, full appliance package (range oven, dishwasher, microwave, refrigerator, washer, dryer, water heater), blinds, and granite or quartz countertops in the kitchen. These included improvements make the properties truly TURNKEY. Each duplex will reside on its own parcel and as such can be sold independently at a future point. 25 units are 3 bed. 6 units are 4 bed. 1 unit is 2 bed (with 2 en suites). All units are two-story with 2.5 baths, garage, dedicated two-car driveway, and a private fenced yard. Great opportunity to invest in beautiful new units in a fast-growing metro.
Property Facts
| Price | $15,146,028 CAD | Apartment Style | Townhome |
| Price Per Unit | $473,313 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.80 AC |
| Cap Rate | 6.32% | Construction Status | Under Construction |
| No. Units | 32 | Building Size | 42,081 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2025 |
| Price | $15,146,028 CAD |
| Price Per Unit | $473,313 CAD |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.80 AC |
| Construction Status | Under Construction |
| Building Size | 42,081 SF |
| No. Stories | 2 |
| Year Built | 2025 |
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | - | 1,045 |
| 3+2.5 | 25 | - | 1,091 - 1,478 |
| 4+2.5 | 6 | - | 1,903 |
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1929 W 10th Ave
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