115 South 3rd Avenue
115 South 3rd Avenue
Ridgefield, WA 98642
$890,000
Price
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Beds
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Description
Completely updated tri-plex in the heart of old town Ridgefield. within a half block of main Street shops, restaurants and local small business. Exceptional opportunity for someone to live in one unit with the other 2 units rented out or enjoy healthy rents from all three units. Located in high growth area of Clark County. New Costco under construction along with many new businesses a couple miles away. Turn Key Investment opportunity. Do not disturb tenants. square footage is approximate. We do...Completely updated tri-plex in the heart of old town Ridgefield. within a half block of main Street shops, restaurants and local small business. Exceptional opportunity for someone to live in one unit with the other 2 units rented out or enjoy healthy rents from all three units. Located in high growth area of Clark County. New Costco under construction along with many new businesses a couple miles away. Turn Key Investment opportunity. Do not disturb tenants. square footage is approximate. We do not have information on square footage. There are 3 units. Unit A 2 bed 1 bath, unit B is a studio 1 bath and unit C is a 3 bed 2 bath.
- Listed by Torsten Holmgren • Blue Key Properties Company
Property Details for 115 South 3rd Avenue
Subdivision
RIDGEFIELD
Parking FeaturesAssigned, Garage
ZoningCMU
Location
Listing Courtesy of Blue Key Properties Company
Add your commute
LISTING UPDATED: 05/16/2024 06:31 PM
Property Details for 115 South 3rd Avenue
| Status | Active |
|---|---|
| MLS # | 24154119 |
| Days on Market | 19 |
| Taxes | $5,327 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1901 |
| Lot Size | 0.10 AC / 4,356 SF |
| County | Clark County |
Location
Listing Courtesy of Blue Key Properties Company
Add your commute
Building Information for 115 South 3rd Avenue
Stories2Residences6Year Built1901Building Size-Lot Size0.10 AC / 4,356 SF
Payment Calculator
$5,301 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,857
Property Taxes
$444
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 115 South 3rd Avenue
Summary
Location and General Information
- Country: US
- Directions: I-5 to Ridgefield exit, west on pioneer, Left turn on 3rd ave
- Road Surface: Paved
School Information
- Elementary School: Union Ridge
- High School: Ridgefield
- Middle Or Junior School: View Ridge
Taxes and HOA
- Tax Year: 2023
- Tax Annual Amount: $5,326.56
- Parcel Number: 068850000
- Tax Legal Description: RIDGEFIELD #1 LOT 4 BLK 3 FOR ASSESSOR USE ONLY BEG AT NE COR OF
Property
Lot Information
- Acres: 0.1
- Lot Description: Level
- Lot Size Square Feet: 4356.0
- Lot Size Range: Sq Ft3000to4999
- Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Updated Remodeled
- Year Built: 1901
Utilities
- Fuel Description: Electricity
- Heating Description: Other
- Hot Water Description: Electricity
- Sewer Description: Public Sewer
- Rent Includes: Maintenance Grounds
Interior and Exterior Features
Exterior Features
- Exterior Description: Cement Siding, Lap Siding
- Roof Type: Composition
Interior Features
- Basement: Crawl Space
- Stories: 2
Multi Family
Multi-Family Information
- Number Of Units Total: 6
- Gross Income Actual: $58,740.00
- Gross Income Projected: $61,020.00
- Gross Rent Multiplier: $15.15
- Investor Information: Leases, Rent Records, Utility Records Available
- Net Income Actual: $51,225.00
- Net Income Projected: 50388
- Operating Expenses Projected: $7,300.00
- Operating Expense: $7,300.00
- Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Beds Total: 2
- Unit Type 1 Features: Dishwasher, Disposal, Range, Refrigerator
- Unit Type 1 Rent: $0
- Unit Type 1 SqFt: 600.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 1
- Unit Type 2 Beds Total: 0
- Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
- Unit Type 2 Rent: $1,350
- Unit Type 2 SqFt: 1200.0
- Unit Type 2 Units Total: 2
Unit 3 Information
- Unit Type 3 Baths Total: 2
- Unit Type 3 Beds Total: 3
- Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer
- Unit Type 3 Rent: $1,750
- Unit Type 3 SqFt: 1200.0
- Unit Type 3 Units Total: 3
Property History for 115 South 3rd Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 115 South 3rd Avenue
Taxable ValueLand$106,264Additions$534,536Total$640,800
Tax Record2023$5,327 ($444 / month)
Home Facts
Baths1.8Total Finished SqFt1,696 SqFtAbove Ground SqFt1,696 SqFtStories1Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1901Year Renovated2015ZoningCMU : RGFCountyCLARKAPN068850-000Fireplace TypeHas Fireplace
Schools near 115 South 3rd Avenue
This home is within Ridgefield School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 6 |
Rating | School | Distance |
|---|---|---|
Union Ridge Elementary School PublicK to 4 | ||
View Ridge Middle School Public7 to 8 | ||
Ridgefield High School Public9 to 12 | ||
Sunset Ridge Intermediate School Public5 to 6 |
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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Listing Courtesy of Blue Key Properties Company
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
