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
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DAYS ON MARKET
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27
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LAST UPDATED
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11/27/2024
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TRACT
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JOHN DAM PLAT
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YEAR BUILT
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1948
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COUNTY
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Benton
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| SUBDIVISION |
JOHN DAM PLAT |
| TAXES |
2672.94 |
| ZONING |
Residential |
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Listing provided by Derrick Stricker with StrickerCRE
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 12/22/24 1:05 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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