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126 W Main St
Monroe, WA 98272

  • $775,000
  • STATUS: Pending
  • ON SITE: 774 days
  • ID#: 741674
Under Contract
UPDATED: 39 min ago
$775,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1903
County:

School Ratings & Info

School District:
Listing Courtesy of Larson Real Estate.

Description

Residential/commercial, in multiple buildings. The old Monroe hospital. Many building/unit upgrades (roof/paint, etc.) always rented fully with a long waiting list. Additional income from laundry, utility collection, etc. Common spaces, and private access, all units individually metered. Good manager, good cap rate. Could significantly reduce expenses with quality water use upgrades for showers. Monthly Income $6909, Motivated Seller, huge turnkey opp! Please don't let renters know about sale.

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 2017-03-26T16:14:47.18.

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www.home4investment.com/homes/47496558

126 W Main St Monroe, WA 98272

  • Price: $775,000
  • Status: Pending
  • Updated: 39 min ago
  • ID#: 741674
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1903
Built
Neighborhood:
In Town - Monroe
County:
Snohomish
Area:
E. Snohomish Cty/Snohomish/Monroe/Sultan
School District:
Monroe
Property Description
Residential/commercial, in multiple buildings. The old Monroe hospital. Many building/unit upgrades (roof/paint, etc.) always rented fully with a long waiting list. Additional income from laundry, utility collection, etc. Common spaces, and private access, all units individually metered. Good manager, good cap rate. Could significantly reduce expenses with quality water use upgrades for showers. Monthly Income $6909, Motivated Seller, huge turnkey opp! Please don't let renters know about sale.
Exterior Features

Building Condition Good Carport Spaces 0 Exterior Wood Products Garage Spaces 0 Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 3 Uncovered Spaces 3

Interior Features

Heating And Cooling Forced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 750 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 650 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 700 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 550 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 750 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 0 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 750 Unit6 Washer Dryer N Units Below Grade N

Property Features

Amenities Coin Op LaundryThermal Windows Bank Owned No Cap Rate 6.00 Electrical Expenses 1800 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 79298 Gross Rent Multiplier 10 Gross Scheduled Income 79298 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4800 Leased Items None Net Operating Income 45806 New Construction YN No Other Expenses 0 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features Cable TVDeckDisabled AccessFenced-PartiallyGas AvailablePatio Tax Amount 4992 Tax Year 2014 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 33492 Total Expenses TEX 33492 Total Monthly Income 6909 Unit1 Monthly Rent 700 Unit2 Monthly Rent 700 Unit3 Monthly Rent 800 Unit4 Monthly Rent 625 Unit5 Monthly Rent 800 Unit6 Monthly Rent 800 Vacancy Rate 0 Water Sewer Garbage 12000

Listing information © 2017 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 2017-03-26T16:14:47.18.

Click here for Digital Millennium Copyright Act
Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Larson Real Estate.