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Off market
  • $1,650,900

    400-526 May St, Raymond, WA 98577

    42beds
    21,082sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $1,650,900 Zestimate®
    $78/sqft
    $1,411 Estimated rent

    Home value

    $1,650,900

    $1.17M - $2.28M

    $1,411/mo

    Zestimate® history
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    What's special

    Coin laundryCentral water heating system

    Portfolio for sale. 6 properties, 25 units. Total of 21,082 sqft All properties are listed separately as well. I am open to selling to different buyers if they all sell. The plan would be to close on at least 5 (excluding 526 May St) or all 6 at the same time to do a 1031 exchange. Selling to different buyers will be complicated and additional trouble for the buyers. I hope to find investors who understand and are willing to work with me and possibly other buyers. Sorry, I'm not interested in selling one at a time. I'll sell all or keep all. I will only sign at title when all of the properties are ready to sign. If it doesn't work out, I apologize in advance for anyone who has invested time and energy trying to work with me. All of the buildings need some work. Ranging from very little to a lot. Individual listings have more details. You will get more information much faster if you read those before calling. Addresses listed below. I don't have current P&L's or NOI's worked out at this time. I put everything I have in to these properties, fixing them up, so those wouldn't accurately represent the income potential of them. Also, almost all of my rents are under market value by quite a margin. Defiantly a rental value add opportunity on top of sweat equity potential. I do have year to date rent rolls, taxes and utilities. I'm willing to look at all offers. I will also consider offers for 5 properties minus the 526 May St. building. It's the only one I'll sell separately, after the other 5 sell. Realtors, please do not call to get a listing. Listed FSBO but I already have a Realtor if needed. If you have your own Realtor, or you're a Realtor with a buyer, I can offer a buyers commission. The fee should be reflected in the offer. Asking price leaves room for that. Do not disturb tenants. Buyers should contact me before inspections. Once we get the ball rolling, I'll give you adequate time and access to do your due diligence. 400 9th St. Raymond, WA 98577 10 unit Apartment building. 6, 2BR/1BA units and 4, 1BR/1BA units. 7 units currently rented. 2 of the units are unlivable at the moment. Floors are out, part of back porch removed, to do rot repairs which are done and ready to go back together. The other vacant unit needs a bit of work. All units individually metered for electric. Landlord pays water, sewer and garbage. Building needs a lot of work, too much to list. Basically a partial renovation needed. Best to see individual listing or call and come take a look. 526 May St. Raymond, WA 98577 7 Apartments; 5, 2BR/1BA units. 1, 1BR/1BA unit. And a studio. 4 units rented, 1 unit utilized by owner (me) and 2 units vacant. Central water heating system paid by Landlord. All units individually metered for electric. Landlord pays water, sewer and garbage. Coin laundry in basement. Building needs a lot of work. Too much to list. Best to see individual listing or call and come take a look. See more under 'what I love about this home'.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 42
    • Bathrooms: 25
    • Full bathrooms: 25
    Interior area
    • Total interior livable area: 21,082 sqft

    Construction

    Type & style
    • Home type: MultiFamily

    Community & HOA

    Location
    • Region: Raymond

    Financial & listing details

    • Price per square foot: $78/sqft

    Price history

    DateEventPrice
    9/20/2023Listing removed--
    Source: Owner Report a problem
    6/22/2023Listed for sale$1,700,000+6.3%$81/sqft
    Source: Owner Report a problem
    3/17/2023Listing removed--
    Source: Owner Report a problem
    12/17/2022Listed for sale$1,600,000$76/sqft
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 98577

    Nearby schools

    GreatSchools rating
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