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SOLD 6/28/2022
Listing provided courtesy of Listing Broker: Tyler Bretz, Urban Commercial Partners, LLC.
Source NWMLS.

1510 Lewis Street, Centralia, WA 98531$3,200,000

--
bed
--
bath
15296
ft2
· 37897
ft2 lot
$196 / ft2

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Situated on Plummer Lake, the "Lakeview" apartment community is a one of-a-kind opportunity to own a quality renovated asset in one of the fastest growing markets in the Puget Sound. Offering an in-place 5% CAP Rate, Lakeview provides an incoming investor the ability to complete a value-add project while simultaneously generating cash-flow, a rare find in the PNW region, with potential to reach a 7% or higher cap rate once market operations are achieved. Tenants have access to spacious grounds and ample parking. Historically low vacancy rate with quality long-term tenants. Convenient location, easy access to I-5 and main arterials.

HOA

No HOA

On market

9 days

Year built

1970

Property type

Residential Income

Parking

42

MLS

1894179

Price / Sq.Ft.

$196 / ft2

Status

Sold

Buyer’s Brokerage Commission

Home details for 1510 Lewis Street

Interior Features & Layout
Heating & Cooling
•   
Heating Details: Baseboard
Property, Lot, Community & Exterior Features
Lot Info
•   
Lot Size Source: Realist
•   
Developer/Bldr Lot: Centralia
•   
Lot Number: 00300404100
•   
Acres: 0.87 acre(s)
Property Type
•   
Mls Prop Type: Residential Income
Building Info
•   
Style: 10+ Units
•   
Stories: 2
•   
Roof: Composition
Property Features
•   
Living Area Units: Square Feet
Parking Info
•   
Carport Spaces: 12
Utilities & Other Information
Utilities
•   
Utilities: Sewer Connected, Electricity Available, Sewer Connected, Electricity Available
Water & Sewer Info
•   
Sewer: Sewer Connected
Listing Details, Costs & Financing Information
Terms
•   
Terms: Cash Out, Conventional
Listing Details
•   
Sale Type: Resale/New
Listing Info
•   
Status: Sold
Tax/Assessment Info
•   
Taxes: 38066
School Neighborhood & Directions
Location
•   
Subdivision: Centralia
School Info
•   
Directions: From Seattle take I-5 South to exit 82 toward Centralia College. Turn left, then immediate right onto W Main St. Left onto Tilley Ave then right onto Lewis St, property on left.

Neighborhood snapshot

34
Properties for sale
10.5
Median days on market
$229.17
Median sold price/sqft
100.27%
Sold/List %
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Property History for 1510 Lewis Street

06/28/2022
06/28/2022
NWMLS #1894179
sold
NWMLS #1894179
$3,200,000
+6.67%
03/07/2022
03/07/2022
NWMLS #1894179
pending
NWMLS #1894179
$3,000,000
02/25/2022
02/25/2022
NWMLS #1894179
active
NWMLS #1894179
$3,000,000
+122.22%
09/05/2013
09/05/2013
NWMLS #27068339
cancelled
NWMLS #27068339
$1,350,000

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0 bed
0 bath
 ft²
 · 
2582232
 ft²  lot
Courtesy of NWMLS
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