Property Details

226 Cedar Ave S

North Bend, WA 98045

$1,495,000

Available

CBA# 710020 courtesy of CBA Listing firm: Lee & Associates Commercial Real Estate Services

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Commercial

Property Type

5,280

Bldg Sq Ft

Units

1967

Year Built

Property Overview

226 Cedar Ave S presents investors with the opportunity to acquire a well-located multifamily asset with multiple paths to value creation in the growing Snoqualmie Valley submarket of North Bend.Rental UpsideCurrent rents appear to be positioned below achievable market levels for comparable units within the North Bend area. Incremental rent adjustments could increase revenue while maintaining affordability within the local market.Operational EfficienciesThe property features individual heating and hot water systems, which can simplify expense management and reduce operating costs. Continued operational improvements and expense management may further enhance net operating income.Renovation PotentialThe property was constructed in 1967 and may benefit from selective interior upgrade