Bought with John L. Scott Mill Creek
$475,000
$479,990
1.0%For more information regarding the value of a property, please contact us for a free consultation.
2,400 SqFt
SOLD DATE : 01/31/2020
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $197
Subdivision Granite Falls
MLS Listing ID 1402800
Sold Date 01/31/20
Style 52 - Duplex
Year Built 1996
Annual Tax Amount $3,655
Lot Size 8,276 Sqft
Property Description
Apartment and restaurant building with 6.82% CAP. This is a great opportunity to own a high performing building with stable tenants. Subway has leased the bottom portion since 2002. Very stable income with no vacancy during the current ownership. This building has huge future potential as Granite Falls continues to grow with hundreds of housing starts scheduled. Selling at a significant discount to it's $655,060 value at a 5% cap rate. You better snatch this up before someone else does. New Roof
Location
State WA
County Snohomish
Area _760Northeastsnohom
Interior
Interior Features Forced Air, Wall to Wall Carpet, Laminate Hardwood
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
School District Granite Falls
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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