202 N Buckner St

    Centralia, WA 98513
    • $375,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 1579859
    UPDATED: 13 min ago
    $375,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    Buckner St. Apartments is a value-add opportunity less than 3 blocks to downtown Centralia. The property has been consistently full with long-term tenants in place. There are two Studio units, four 1-Bed units, and one 2-bed unit that all have below-market rents and are in need of updating. Further increase income by increasing laundry income and charging utility bill-back. Further value can be obtained through subdividing lot and building an additional single-family home (buyer to verify).

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    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 2020-03-30T18:15:39.

    www.home4investment.com/homes/104256527

    202 N Buckner St Centralia, WA 98513

    • Price: $375,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 1579859
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1910
    Built
    Neighborhood:
    Centralia
    County:
    Lewis
    Area:
    Centralia
    School District:
    Centralia
    Property Description
    Buckner St. Apartments is a value-add opportunity less than 3 blocks to downtown Centralia. The property has been consistently full with long-term tenants in place. There are two Studio units, four 1-Bed units, and one 2-bed unit that all have below-market rents and are in need of updating. Further increase income by increasing laundry income and charging utility bill-back. Further value can be obtained through subdividing lot and building an additional single-family home (buyer to verify).
    Exterior Features

    Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details Corner LotCurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 8 Uncovered Spaces 8

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 0 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 5.18 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 43206 Gross Rent Multiplier 8 Gross Scheduled Income 45480 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1440 Leased Items None Net Operating Income 19441 New Construction YN No Other Expenses 7603 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features Cable TVDeck Tax Amount 2511 Tax Year 2020 Terms Cash OutConventionalFHARehab LoanUSDA Third Party Approval Required None Total Expenses EXP 23765 Total Expenses TEX 23765 Total Monthly Income 3790 Unit1 Monthly Rent 460 Unit2 Monthly Rent 535 Unit3 Monthly Rent 505 Unit4 Monthly Rent 500 Unit5 Monthly Rent 490 Unit6 Monthly Rent 490 Vacancy Rate 5 Water Sewer Garbage 12211 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 2020-03-30T18:15:39.

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