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Latah Apartments

The Latah Apartments and Mini Storage is a 24-unit apartment property with 60 additional mini storage units built in 1985. This apartment community is located less a mile from the WSU campus and only a few miles from the Pullman/Moscow Regional Airport.

All twenty four (24) units are a 2 bedroom, 1 bathroom unit mix about 736 square feet in size. The apartments were completely remodeled in 2011/2012 featuring hardwood floors, new windows, paint, and hardware. The apartments come with dishwashers. Both bedrooms in each apartment are identical in size. The community has on-site laundry facilities and plenty of off-street parking.

The Latah Apartments and Mini Storage presents an investor with the opportunity to own a turn-key asset with the ability to raise rents to current market levels without remodel. The current in place rents are below market based on our recent rental surveys

Address

1016 & 1024 SE Latah St
Pullma, WA 99163

Type

Multi-Family

Status

Sold

Price

$ 2,625,000

Cap Rate

6.14%

# of Units

24

Price per Unit

$ 109,375

Available SF

22,000 SF

Price Per SF

$ 119

Land Area

44,222 SF

Year Built

1985

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