The Alder Terrace Apartments offer an investor the opportunity to improve and grow a seasoned apartment complex in a well-located area in Longview, Washington.
Alder Terrace consists of (3) 1 bedroom, 1 bath apartments, (54) 2 bedroom, 1 bath apartments, (7) 3 bedroom, 1 bath apartments, (1) single family home, and onsite storage and laundry facilities. This complex has a total of 47,767 rentable square feet with separately metered utilities to each apartment.
Alder Terrace is located close to the industrial areas of Longview which has many of the larger employers in the county. It also has great access to I-5 and the Rainier Bridge and is about 3 miles from major shopping areas such as Safeway, Fred Meyer, Lowes, and Walgreens. Alder Terrace is about a 7 minute drive to the local college and high schools, community centers, churches and the hospital within a few mil radius.
Market trends for this area show great potential for rent increases with the lack of available housing and increased demands. Alder Terrace would be an excellent addition to an investment portfolio.