1603 Mahan Ave, Richland, WA 99354

For Sale For Rent

Advertise

$1,485,000

bedrooms

bathrooms

square feet

5,387

Acreage

Open Houses

year built

1948

Full Baths

Half Baths

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MLS# 280420 Opportunity to acquire the Richland Residential Portfolio (RRP), a collection of five fully leased residential properties located in Richland, Washington. These properties present an exceptional investment for those looking to secure a stabilized income-generating asset with significant potential for growth. With a proven track record of strong occupancy, long-term tenants, and under-valued rental rates, the portfolio offers both immediate cash flow and future upside. Proforma Rents are at $99k for the Portfolio with a Net Operating Income of $82k. 5.35% CAP rate, $285/SF or $308k per door. All 5 properties are within 1 mile of each other and takes 10 minutes to drive the portfolio making it easy to Manage. Must purchase entire portfolio, will not break up individually. Call LA for more information and Do Not Disturb tenants. A. 1603 Mahan AveB. 1209 Winslow AveC. 704 Birch AveD. 2305 Concord StreetE. 312 Adams

Location
Subdivision	John Dam Plat
County	Benton
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 280420

Listing agent: Derrick Stricker #22021066

Listing broker: Strickercre (509) 591-9949

Last update: Thursday, March 27 2025 at 5:50 p.m. EDT

Kotohomes National