Lot size 4800 3- 2 bedrooms 1-1 bd 1-1.5 bd 1- studio/ being converted to STR Total rent $10290 Tenants Never missed payment or late payments in last 2-3 years Rarely vacant more than a week or 2 between tenants because interiors are well kept and updated. Two upstairs units are large 900+ square foot units with 9 foot ceilings and large living spaces. This property was built in 1907 was a grocery store and some other businesses on the bottom and apartments on top but now is currently zone single-family. I believe it was changed to all apartments in the 60s. I personally have done all the work on this building renovations and know every ins and outs of it. Much of the plumbing has been updated to pex and copper yet there is still some galvanized pipe left. as far as electrical much of it has been updated yet there is still some knob and tube around. With all the updates I've done inside this building could still use some exterior work and work to get rid of old plumbing and electrical(a few units have been done) Rents are a under market and could be raised to market value. County Accessed 1,996,900 Insurance $4k 2022 taxes $16,250 WSG. $13000/year Maintenance is negligible My price is $2.2 ** With the new laws in Washington state regarding the single-family zoning being no more , it opens the possibilities of what this property could be.
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