on the market

Listings/Campus Village

Campus Village

On the Market

PRICE: $5,500,000

TOURS: February 7th, 10 am – 3 pm

OFFERS REVIEW DATE:  To be announced

Property Summary

NAME
Campus Village Apartments
ADDRESS
925 E 18th Ave
CITY
Ellensburg
YEAR BUILT
1966
UNITS
41
BUILDINGS
4
NEW RENTABLE SQFT
31,200 SF
AVERAGE UNIT SIZE
761 SF
LAUNDRY
Shared
PARKING
92 Open Stalls
LAND SIZE
2.25 Acres

Unit Mix

UNITS
Type
20
1x1
20
2x1
1
2x1 Townhome

Opportunity

  • Located directly across the street from Central Washington University
  • Well-maintained, prime value-add opportunity
  • Strong in-place rents with opportunity to increase rents 14% with renovations
  • Attractive in-place and pro-forma cap rate
  • Large courtyard to add outdoor amenities such as fire pits, BBQ space, bocce ball, etc.
  • Majority of systems replaced or updated
  • One of the few “properties of scale” for sale in eastern WA

Location

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Campus Village

925 E 18th Ave
Ellensburg, WA
Units: 41
Price: $5,500,000

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