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1512 Franklin St, Vancouver, WA 98660

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For Sale

$840,000

2 beds • 5 baths • 3,250 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $258.46
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

The 7-unit Franklin Street Apartments provide a rare opportunity to invest in a small well-kept apartment community in the heart of downtown Vancouver. Located just steps from the downtown district, the property provides residents with ease of access to local shops, restaurants, parks, and the up-and-coming Vancouver waterfront, located just a half mile away. The property is positioned well for future growth and is on track to benefit alongside the growing sub-market of Vancouver, WA. The property also provides easy access to the Portland market, with being located just 2 miles away from the Oregon border. The community is comprised of studios & one-bedroom apartments, offering a variety of floor plans that appeal to the urban living lifestyle. Much of the heavy lifting has been completed on this asset, with the property undergoing major capital improvements in recent years - including New Roofing/Gutters, All new energy efficient vinyl windows, New Exterior Paint, New HVAC system, and considerable appliance replacement on select units. In addition to the major capex items completed, the majority of the units have undergone turnover improvements in recent years, resulting in a strong and stable tenant base in place. The Vancouver apartment market has seen steady growth in recent years, in particular downtown Vancouver which has seen extensive revitalization and new developments, including upscale apartments, new retail spaces, and improved infrastructure. The Franklin apartments is positioned to benefit from this continued development as Vancouver expands its footprint in the Northwest. A truly rare & unique opportunity to make an initial investment within the Clark County market, and get your investment career started.
MLS# 11405199

Courtesy Of Joseph Bernard Investment Real Estate

(503) 546-9390

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.13 Acres

Map and Directions

Directions to 1512 Franklin St, Vancouver, WA 98660

Home seller CENTURY 21 Northstar

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Northstar

(360) 726-6609
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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