322 E 2nd St

    Elma, WA 98541
    • $1,800,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 1587812
    UPDATED: 59 min ago
    $1,800,000
    • 0
      BEDS
    • 1.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,288
      SQFT
    • $89
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Re/Aberdeen.

    Description

    24 Unit (16-2 Bedroom, 1 Bath and 8-1 Bedroom, 1 Bath) apartment complex located Elma. The property consists of 3 Buildings with recent upgrades to all staircases and balconies. Recent updates include new outside stairs and balconies. All 3 roofs have been replaced within the last 10 years. Located within 25 minutes of Olympia and Aberdeen. Most rents are currently below market, which gives the potential for increased cash flow. Coin-Op laundry on site.

    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 2020-05-30T17:14:22.357.

    www.home4investment.com/homes/104902407

    322 E 2nd St Elma, WA 98541

    • Price: $1,800,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 1587812
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.41
    Acres
    20,288
    SQFT
    $89
    $/SQFT
    1978
    Built
    Neighborhood:
    Elma
    County:
    Grays Harbor
    Area:
    Elma
    Elementary School:
    Elma Elem
    Middle School:
    Elma Mid
    High School:
    Elma High
    School District:
    Elma
    Property Description
    24 Unit (16-2 Bedroom, 1 Bath and 8-1 Bedroom, 1 Bath) apartment complex located Elma. The property consists of 3 Buildings with recent upgrades to all staircases and balconies. Recent updates include new outside stairs and balconies. All 3 roofs have been replaced within the last 10 years. Located within 25 minutes of Olympia and Aberdeen. Most rents are currently below market, which gives the potential for increased cash flow. Coin-Op laundry on site.
    Exterior Features

    Carport Spaces 0 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details Dead End StreetPaved Street Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 24 Uncovered Spaces 24 View Territorial

    Interior Features

    Floor Covering ConcreteVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 844 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 844 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 844 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 844 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 844 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 844 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 5.20 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 154932 Gross Rent Multiplier 10 Gross Scheduled Income 154932 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 10528 Leased Items Washer/Dryer Net Operating Income 94827 New Construction YN No Other Expenses 6974 Possession Closing Power Company Gh Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Elma Site Features Cable TVDockHigh Speed Internet Tax Amount 11433 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 60105 Total Expenses TEX 60105 Total Monthly Income 12911 Unit1 Monthly Rent 525 Unit2 Monthly Rent 550 Unit3 Monthly Rent 620 Unit4 Monthly Rent 550 Unit5 Monthly Rent 600 Unit6 Monthly Rent 575 Vacancy Rate 0 Water Company City Of Elma Water Sewer Garbage 31170 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 2020-05-30T17:14:22.357.

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