3525 Nicholson Rd

Vancouver, WA 98661

$7,500,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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Sold 6/4/20
Sold 6/4/20

Description

Turn-key investment portfolio of 25 units in Central Vancouver. Located in an Opportunity Zone. Approved for Vancouver Multi-Family Tax Exemption. Quality finishes including in each unit: slab counters in kitchen and master bath, luxury vinyl plank flooring, stainless steel appliances, and central air conditioning. Most units have 2-car garages. CAP Rate approximately 4.8%. Now fully stabilized with 100% occupancy.Turn-key investment portfolio of 25 units in Central Vancouver. Located in an Opportunity Zone. Approved for Vancouver Multi-Family Tax Exemption. Quality finishes including in each unit: slab counters in kitchen and master bath, luxury vinyl plank flooring, stainless steel appliances, and central air conditioning. Most units have 2-car garages. CAP Rate approximately 4.8%. Now fully stabilized with 100% occupancy.
  1. Listed by Patrick Ginn • Ginn Group DBA Ginn Homes

Amenities

  • Air Conditioning
  • Central AC
  • Garage
  • Stainless Steel Appliances
LISTING CLOSED: 06/04/2020 12:00 AM

Property Details for 3525 Nicholson Road

StatusSold
MLS #20487571
Days on Market16
Taxes$15,192 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built2019
Lot Size-
CountyClark County
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Location

Listing Courtesy of Ginn Group DBA Ginn Homes

Sold By Keller Williams Realty Professionals

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Building Information for 3525 Nicholson Road

Stories2Residences25Year Built2019Building Size-Lot Size-

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$38,639 per month

30 year fixed, 6.36% Interest

Principal and Interest

$37,373

Property Taxes

$1,266

HOA Dues

$0

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Property Information for 3525 Nicholson Road

Summary
Location and General Information
  • Area: Vancouver: The Heights (NW)
  • Country: US
  • Directions: From Fourth Plain Blvd, North on Falk Road, West on Nicholson to development
  • Road Surface: Paved
Parking
  • Parking Features: Garage
Taxes and HOA Information
  • FIRPTA Y/N: No
  • Tax Year: 2019
  • Tax Deferral Desc: Vancouver MFTE
  • Tax Deferral YN: Yes
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Lot Description: Cul-de-sac, Private
  • Zoning: R-18
Property and Assessments
  • Water Description: Public
  • Property Condition: New Construction
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Electricity
  • Heating Description: Heat Pump
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Slab
  • View Y/N: Yes
  • View: Trees/Woods
Multi Family
Multi-Family Information
  • Gross Income Actual: $460,403
  • Gross Income Projected: $460,403
  • Gross Rent Multiplier: 18
  • Investor Information: Profit & Loss Statement, Rent Records, Utility Records Available, Leases
  • Net Income Actual: $398,323
  • Net Income Projected: $398,323
  • Occupancy Types: Leased, Other, Vacant
  • Operating Expenses Actual: $62,080
  • Operating Expenses Projected: $62,080
  • SqFt Approximate Building Total: 35980
  • Unit Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type Type: 1, 2, 3, 4, 5
Unit 1
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type 1 Rent: $1,695
  • Unit Type 1 SqFt: 1366.0
  • Unit Type 1 Units Total: 3
Unit 2
  • Unit Type 2 Baths Total: 3
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type 2 Rent: $1,750
  • Unit Type 2 SqFt: 1421.0
  • Unit Type 2 Units Total: 12
Unit 3
  • Unit Type 3 Baths Total: 3
  • Unit Type 3 Beds Total: 3
  • Unit Type 3 Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type 3 Rent: $1,775
  • Unit Type 3 SqFt: 1477.0
  • Unit Type 3 Units Total: 1
Unit 4
  • Unit Type 4 Baths Total: 3
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type 4 Rent: $1,805
  • Unit Type 4 SqFt: 1482
  • Unit Type 4 UnitsTotal: 8
Unit 5
  • Unit Type 5 Baths Total: 3
  • Unit Type 5 Beds Total: 3
  • Unit Type 5 Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings
  • Unit Type 5 Rent: $1,845
  • Unit Type 5 SqFt: 1497.0
  • Unit Type 5 Units Total: 1

Property History for 3525 Nicholson Road

DateEvent & SourcePriceAppreciation
Jun 4, 2020

Sold

RMLS #20487571

$7,500,000—
Apr 1, 2020

Pending

RMLS #20487571

—
Mar 16, 2020

Listed (Active)

RMLS #20487571

$7,500,000—
DateEvent & SourcePrice
06/04/2020

Sold

RMLS #20487571

$7,500,000
04/01/2020

Pending

RMLS #20487571

—
03/16/2020

Listed (Active)

RMLS #20487571

$7,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3525 Nicholson Road

Taxable ValueLand$145,000Additions$613,841Total$758,841
Tax Record2025$7,201 ($600 / month)
Home Facts
Baths6.5Total Finished SqFt2,946 SqFtAbove Ground SqFt2,946 SqFtStories2Lot Size4,546 SqFtStyleDuplexYear Built2019Year Renovated2019ZoningR-18CountyCLARKAPN986049994

Schools near 3525 Nicholson Road

This home is within Vancouver School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
McLoughlin Middle School
Public - 6 to 8
Fort Vancouver High School
Public - 9 to 12
Jim Tangeman Center
Public - K to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

McLoughlin Middle School
Public6 to 8

Fort Vancouver High School
Public9 to 12

Jim Tangeman Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ginn Group DBA Ginn Homes

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass and its related brokerages or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.