Chase & 4th Ave Apartments

13-Unit Value-Add Portfolio in Walla Walla

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Chase & 4th Avenue Apartments

13-Unit Multifamily Portfolio

Property Name: Chase & 4th Avenue Apartments

Address: 317 Chase Ave & 317S 4th Ave

City, State Zip: Walla Walla, WA 99362

Units: 13

Year Built: 1900 & 1930

No. Buildings: 2

Building Area: 8,809 SF

Land Area: 0.45 AC / 19,384 SF

Offered as a portfolio with College Place Apartments, a 9-unit portfolio in College Place.

Investment Highlights

SELLER FINANCING: This two-property portfolio is being offered with an assumable loan and a subordinate note offered by the seller. See the Document Vault for additional details on this unique opportunity to obtain below-market rates.

DIVERSE UNIT MIX: Chase Apartments include studio, 1-bed, and 2-bed floorplans attracting a diverse tenant base. 4th Avenue Apartments contains studios and 1-bedroom apartments, which are entirely occupied by the Star Project, a regional non-profit.

VALUE-ADD MIDDLE-MARKET ASSET: With upside opportunity in rents, and located in a strong workforce area, this portfolio has seamless unit turns and low vacancy. Near major thoroughfares and employers, the portfolio benefits from strong tenant demand.

THRIVING WALLA WALLA MARKET: The Walla Walla region is experiencing economic growth driven by its thriving wine industry, strong healthcare sector, and expanding tourism, making this an attractive market for long-term investment.