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Campus Village
On the Market
Price: $5,500,000
Offers Date: Reviewed Upon Receipt
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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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