703 W Stanley St

    Granite Falls, WA 98252
    • $484,990
    • STATUS: Pending Feasibility
    • ON SITE: 92 days
    • ID#: 1402800
    Under Contract
    UPDATED: 41 min ago
    $484,990
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,760
      SQFT
    • $176
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1996
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of John L. Scott Everett.

    Description

    Apartment and restaurant building with 6.19% 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 $600,730 value at a 5% cap rate. You better snatch this up before someone else does.

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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 Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-21T20:13:52.483.

    www.kimberlygartlandgroup.com/homes/91037424

    703 W Stanley St Granite Falls, WA 98252

    • Price: $484,990
    • Status: Pending Feasibility
    • Updated: 41 min ago
    • ID#: 1402800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,760
    SQFT
    $176
    $/SQFT
    1996
    Built
    Neighborhood:
    Granite Falls
    County:
    Snohomish
    Area:
    NE Snohomish/Lk Stevens/Machias/G.Falls
    School District:
    Granite Falls
    Property Description
    Apartment and restaurant building with 6.19% 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 $600,730 value at a 5% cap rate. You better snatch this up before someone else does.
    Exterior Features

    Building Condition Remodeled Carport Spaces 0 Exterior WoodWood Products Foundation Slab Garage Spaces 0 Lot Details Paved Street Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 7 Uncovered Spaces 7

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 2.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Sq Ft 1200 Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 1560 Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.19 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 30036 Gross Rent Multiplier 16 Gross Scheduled Income 36638 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 960 Leased Items None Net Operating Income 30036 New Construction YN No Other Expenses 1500 Possession Closing Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 4142 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 6602 Total Expenses TEX 6602 Total Monthly Income 3053 Unit1 Monthly Rent 960 Unit2 Monthly Rent 2113 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Sewer Garbage 0

    Listing information © 2019 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 Kimberly Gartland Group - Keller Williams 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 Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-21T20:13:52.483.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of John L. Scott Everett.