808 Main St

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Description

Fantastic Investment opportunity 6 units apartment building on Highway 2 in Downtown Sultan. Each unit offers 1 bedroom, 1 bath and kitchen, some units have been renovated with washer/dryer in the Unit. Two units need to be updated. The building exterior was painted last year. On site and off street parking. The property is a commercial zone, whether you want to leave as is, develop, or operate as an Airbnb, this property offers endless investment opportunities in the fastest growing city in the...Fantastic Investment opportunity 6 units apartment building on Highway 2 in Downtown Sultan. Each unit offers 1 bedroom, 1 bath and kitchen, some units have been renovated with washer/dryer in the Unit. Two units need to be updated. The building exterior was painted last year. On site and off street parking. The property is a commercial zone, whether you want to leave as is, develop, or operate as an Airbnb, this property offers endless investment opportunities in the fastest growing city in the Snohomish County. Don't miss out on this amazing opportunity. Buyer to verify all information
  1. Listed by Johnny Phan • Skyline Properties, Inc.
    P: (425)-455-2065 btayho@yahoo.com

Property Details for 808 Main Street

Community Name
Sultan
School District
Sultan
View
Territorial
Number of Assigned Spaces
7
Total Covered Parking
0
Entry Date
07-21-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING CLOSED: 02/07/2024 12:00 AM

Property Details for 808 Main Street

StatusSold
MLS #2142262
Days on Market69
Cumulative Days on Market165
Taxes$4,900 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1982
Lot Size0.17 AC / 7,405 SF
CountySnohomish County

Location

Listing Courtesy of Skyline Properties, Inc.

Sold By RE/MAX Metro Realty, Inc.

Add your commute

Building Information for 808 Main Street

Stories2Residences6Year Built1982Building Size-Lot Size0.17 AC / 7,405 SF

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$5,267 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,859

Property Taxes

$408

HOA Dues

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Property Information for 808 Main Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Deck
  • Area: 750 - East Snohomish County
  • Elementary School: Sultan Elem
  • Middle Or Junior School: Sultan Mid
  • High School: Sultan Snr High
  • Effective Year Built Source: Public Records
  • Directions: US-2 E/U.S. Rte 2 E via the ramp to Wenatchee, Turn left onto Main St
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 7.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Carpet
  • Features: Laminate, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7200
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • Zoning Class: Commercial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1982
  • Photos Count: 13
Lot Information
  • Lot Size Source: 0
  • Parcel Number Free Text: 00479100200500
  • Building Condition: Good
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 7
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 14600
  • Gross Adjusted Income: 53128
  • Gross Rent Multiplier: 1365
  • Gross Scheduled Income: $98,928
  • Insurance Expense: $2,500
  • Net Operating Income: $67,728
  • Other Expenses: $0
  • Total Monthly Income: 5750
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3760.0
  • Leasable Area Units: Square Feet

Property History for 808 Main Street

DateEvent & SourcePriceAppreciation
Feb 7, 2024

Sold

NWMLS #2142262

$975,000—
Feb 1, 2024

Sold (Public Record)

Public Record #1526695586

$975,000—
Jan 14, 2024

Pending

NWMLS #2142262

—
DateEvent & SourcePrice
02/07/2024

Sold

NWMLS #2142262

$975,000
02/01/2024

Sold (Public Record)

Public Record #1526695586

$975,000
01/14/2024

Pending

NWMLS #2142262

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For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 808 Main Street

Taxable ValueLand$250,700Additions$631,300Total$882,000
Tax Record2026$7,736 ($645 / month)
Home Facts
Baths6Total Finished SqFt3,760 SqFtAbove Ground SqFt3,760 SqFtStories2Lot Size7,405 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982Year Renovated1988ZoningUCCountySNOHOMISHAPN004791-002-005-00

Schools near 808 Main Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sultan Elementary School
PublicK to 5

Columbia Virtual Academy Sultan
PublicK to 12

Sultan Senior High School
Public9 to 12

Sky Valley Options
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Properties, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.