2700 FALK RD, Vancouver, WA 98661
- $3,800,000
- 21,040
- SqFt
- List Price
- $3,800,000
- Days on Market
- 119
- MLS#
- 756222554
- Property Type
- Multifamily
- Sqft. of Residence
- 21,040
- Lot Size
- 1 to 2.99 Acres
- Region
- Vancouver: The Heights [SW]
- Status
- PENDING
Property Description
Cottonwood Court presents a compelling opportunity to acquire a20-unit value-add multifamily community in the growing Vancouvermarket, positioned to benefit from continued regional demand andstrong connectivity to Portland.Constructed in 1965, the property consists entirely of well-designed 2-bedroom, 1-bath units, each featuring a consistent and efficient floor plan. Units average ± 727 SF and are complemented by ± 325 SF attached garages, a rare amenity that, combined with in-unit washer and dryer, enhances tenant appeal and supports long-term retention. Vaulted, sloped ceilings and charming fireplaces add architectural character and create a warm, inviting living environment that differentiates the property from typical vintage product.Cottonwood Court offers a clear and executable path to valuecreation. Ownership has begun renovating units as they turn, withthree units already upgraded to include modern finishes such asshaker-style cabinetry, updated countertops, and stainless steelappliances. These improvements provide a proven blueprint forcontinued renovations, allowing a new owner to systematicallyenhance the remaining units and capture meaningful rental upside.
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Additional Information
- Tax Amount
- $32,837
- Year Built
- 1965
- High School
- Fort Vancouver
- Elementary School
- Marshall
- Middle School
- McLoughlin
- Acres
- 2.02
- Living Area
- 21,040
- Stories
- 1
- Subdivision
- Bagley Downs
- Terms
- Cash, Conventional
- Cooling Description
- Other
- Fuel Description
- Electricity
- Heating Description
- Mini Split
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Brick, Wood Siding
- Roof Type
- Built-Up, Composition, Flat
- Sewer Description
- Shared Septic, Standard Septic
- View
- Park/Greenbelt
- Parking
- Assigned, Garage
- Security Or Entry
- Security Lights
- Parking Description
- Assigned, Garage
- Road Surface
- Paved
- Number Of Units Total
- 20
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1630
- Unit Type One Sq Ft
- 727
- Unit Type One Units Total
- 20
Mortgage Calculator
Listing courtesy of Apex Residential.
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