MLS #2517605 / Listing provided by NWMLS & WeLakeside.
$1,700,000
470 - 480 S River Avenue
Buckley,
WA
98321
Sq Ft
Per Sq Ft
Year Built
Rare 8-unit value-add opportunity in Buckley featuring two adjacent 4-plexes. All units are 2-bed, 1-bath, 760 sqft, with private balconies. Potentially assumable financing at 4.75% interest with approximately 25.5 years remaining presents a significant advantage against today’s rate! Strong tenant history with long-term occupants all in place for 5+ years, currently all on month-to-month leases at below-market rents—providing immediate upside through rent increases. Each unit is individually metered, creating an opportunity for utility chargebacks, along with additional income from on-site coin-operated laundry. One unit is currently vacant, allowing for owner-occupancy or immediate minimal touch-up to lease at market rents. Multifamily inventory in Buckley is extremely limited, making it a rare opportunity to add this to your long-term portfolio!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 12
- Total Uncovered Parking Spaces: 12
Structure
- Roof: Composition
- Exterior Features: Wood, Wood Products
- Foundation: Slab
Lot Details
- Lot Features: Curbs, Paved, Sidewalk
- Acres: 0.303
- Foundation: Slab
Schools
- High School District: White River
Lot Details
- Lot Features: Curbs, Paved, Sidewalk
- Acres: 0.303
- Foundation: Slab
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 18720
Debbie Burk
Broker | REALTOR®
Send Debbie Burk an email