Pacific Way
Property • MultiFamily
Web ID # 751724166
$825,000.00
0 Beds • 0 Baths
Property Features
Regional Multiple Listing Service, Inc.
Twin NNN Leased residential Homes at 9% CAP rate! 3205 & 3215 Pacific Way, Longview, WA. Rare package offering two identical, 6-bedroom homes. Both on NNN leases at $3,100/month each ($74,400 combined annual NOI) — approx. 9% cap rate. Each lease has 4 years remaining plus a 5-year renewal option, offering up to 9 years of contracted income visibility. Tenants cover taxes, insurance, and maintenance, leaving ownership largely passive. Two separate tenants master lease to reduce tenant-concentration risk versus a single-tenant net lease. Purpose-built construction means no costly retrofitting for licensing or accessibility. Both homes sit on a large third of an acre. Both homes were designed from the ground up for residential use. New roofs on both buildings (2019) minimize near-term capital needs. Sold as a package only. Ideal for 1031 exchange buyers or passive investors seeking yield in net-leased real estate without operational risk. Owner/Agent
Pacific Way Longview
Dwelling Type: MultiFamily
Subdivision: Pacific Way
Year Built: 1999, County: US
Pacific Way Longview
Listing is courtesy of Cascade Hasson Sotheby's International Realty
