101 Pacific Ave S

    Long Beach, WA 98631
    • $899,950
    • STATUS: Pending
    • ON SITE: 55 days
    • ID#: 1546004
    Under Contract
    UPDATED: 55 min ago
    $899,950
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Theory Real Estate.

    Description

    Take a look at this INCREDIBLE once-in-a-lifetime investment opportunity on the prime traffic corner of the Long Beach Peninsula. This unique property has 8 renovated units total: 2 commercial units, a 2 bedroom apartment, 4 beautiful studio units & an 'Owner's Studio' that is fully furnished & can also be used as a vacation rental for added income. Coin operated washer/dryer. All tenants are great! Actual numbers have this property operating at over a 7.5% Cap Rate!

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-01-29T14:15:22.203.

    www.home4investment.com/homes/101448732

    101 Pacific Ave S Long Beach, WA 98631

    • Price: $899,950
    • Status: Pending
    • Updated: 55 min ago
    • ID#: 1546004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1926
    Built
    Neighborhood:
    Long Beach
    County:
    Pacific
    Area:
    Pacific County
    School District:
    Ocean Beach
    Property Description
    Take a look at this INCREDIBLE once-in-a-lifetime investment opportunity on the prime traffic corner of the Long Beach Peninsula. This unique property has 8 renovated units total: 2 commercial units, a 2 bedroom apartment, 4 beautiful studio units & an 'Owner's Studio' that is fully furnished & can also be used as a vacation rental for added income. Coin operated washer/dryer. All tenants are great! Actual numbers have this property operating at over a 7.5% Cap Rate!
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 0 Lot Dimensions 50 X 90 Roof Flat Stories In Building 0 Style 55 - 5-Plex Total Parking Spaces 5 Uncovered Spaces 5

    Interior Features

    Heating And Cooling Forced AirWall Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 1550 Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 1000 Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 800 Unit4 Bathrooms 1.00 Unit4 Bedrooms 0 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 500 Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 450 Unit6 Bathrooms 1.00 Unit6 Bedrooms 0 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 450 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 7.32 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification BusinessOfficeResidentialRetail Gross Adjusted Income 91121 Gross Rent Multiplier 9 Gross Scheduled Income 97980 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7114 Leased Items None Net Operating Income 65846 New Construction YN No Other Expenses 4899 Possession Closing Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 4143 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 25275 Total Expenses TEX 25275 Total Monthly Income 4625 Unit1 Monthly Rent 1595 Unit2 Monthly Rent 1195 Unit3 Monthly Rent 995 Unit4 Monthly Rent 0 Unit5 Monthly Rent 895 Unit6 Monthly Rent 895 Vacancy Rate 7 Water Sewer Garbage 9120 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-01-29T14:15:22.203.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Theory Real Estate.