106 & 108 W Pleasant Avenue

Property Description

Rare Multifamily Development Opportunity in Cashmere! Two adjacent parcels totaling 0.59 acres (Parcel #s: 231904790055 & 231904790005) with zoning that allows up to 12 total units--two 4-plexes on the larger parcel and one 4-plex on the smaller. Excellent location with easy access to Hwy 2 & Hwy 97 for commuting. Nearby 4-plex units rent for approx. $1,900/month, offering strong income potential. Based on stabilized rents and a 6.5% cap rate, the projected value of a completed 12-unit development exceeds $2.8M. One of the last build-ready multifamily sites in this high-demand area--don't miss this investment opportunity!

Overview

Property Status

For Sale

Lot Size

0.59 Acres

MLS ID

2410907

Property Type

Land

Are you interested?

Schedule a Tour

Nick Bowler

(509) 699-9498 [email protected]

Features & Amenities

View Description

Mountain(s), Territorial

Water Source

Available

Utilites

Electricity Connected

Lot Features

Dead End Street, Paved

Parking

Garage

Sewer

Available

Elementary School

Vale Elem

Middle School

Cashmere Mid

High School

Cashmere High

School District

Cashmere

Sales Price

$525,000

Real Estate Tax

$1,599/yr

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