209 South Wabash Avenue

Granite Falls, WA 98252

$750,000
Price
$750,000
Price
Studio
Beds
5,980 Sq. Ft.
$125 / Sq. Ft.

Sold

Sold

209 South Wabash Avenue

Granite Falls, WA 98252

Street View

Property Details

StatusSold
MLS #1061722
Year Built1987
DOM285
Compass TypeMulti Family
MLS TypeMulti Family
Lot Size0.50 AC / 21,780 SF
Taxes$7,251 / year
Condo/Co-op Fees-
HOA Fees-
CountySnohomish County

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Property Details

Community Name
Granite Falls
School District
Granite Falls
View
Territorial

Description

Banks analyze property using a 5% Vac & 4% Mngmnt Fee. B sure U compare apples 2 apples. Our numbers are calculated w/those 2 factors. 5.8% cap rate w/ Vac & Mngmnt Fee. Owner has had NO Vac & self manages so actual cap rate is 7%. THIS is the BEST Investment out there! Front & back yards, own carport, 4 X 10 storage + extra parking. Gorgeous New Sidewalks & Repaved Street. Sprawled across. Under Mkt Rents- Should Be $850/Unit "As-Is" condition = 8% Cap. Fix up & get between a 8.7 - 9.3% Cap.

Location

Listing Courtesy of Kelly Right RE of Seattle LLC

Building Information

Stories-Residences8Year Built1987Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$3,627 per month

30 year fixed, 4.45% Interest

Principal and Interest

$3,022

Property Taxes

$604

HOA Dues

$0


Property Information for 209 South Wabash Avenue

Summary
    Location and General Information
  • Amenities: Coin Op Laundry,Storage
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Patio
  • Area: 760 - Northeast Snohom
  • Block: 1
  • Directions: From Hwy 9, East on Hwy 92 (Granite Falls Hwy), turns into W. Stanley St, Right on S Wabash Ave on the Left a couple blocks down. Do Not Disturb Tenants.
  • Leased Items: None
  • Map Book: Thom
  • MLS Status: S
    Taxes and HOA Information
  • Tax Year: 2016
    Parking
  • Number of Carport Spaces: 8
Interior and Exterior Features
    Interior Features
  • Floor Covering: Ceramic Tile, Vinyl, Wall to Wall Carpet
  • New Construction: N
    Exterior Features
  • Exterior: Wood
  • Roof: Composition, Metal, Tile
Property
    Utilities
  • Energy Source: Electric
  • Heating and Cooling: Baseboard
  • Sewer: Sewer Connected
  • Water/Sewer/Garbage: 10284
    Property and Assessments
  • General Zoning Classification: Multi-Family
    Lot Information
  • Lot Details: Alley, Corner Lot, Curbs, Paved Street
  • Lot Number: 9, 10, 11 & 12
  • Lot Size Source: SCR
  • Parcel Number: 00601300100900
Multi Family
    Building Details
  • Total Number of Parking Spaces: 16
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 1
  • Vacancy Rate: 3585
    Financing / Income and Expenses
  • Electrical Expenses: $1,776
  • Total Expenses: $29,005
  • Gross Adjusted Income: $72,300
  • Gross Rent Multiplier: 11
  • Gross Scheduled Income: $75,300
  • Insurance Expenses: $3,241
  • Net Operating Income: $46,295
  • Other Expenses: 2868
  • Total Monthly Income: 74400
    Unit 1
  • Washer/Dryer Unit 1: N
  • Range/Oven Unit 1: Y
  • Refrigerator Unit 1: Y
  • Dishwasher Unit 1: Y
  • Square Feet Unit 1: 700
  • Rent Unit 1: $775
  • Bedrooms Unit 1: 2
  • Description Unit 1: 1
  • Bathrooms Unit 1: 1.0
    Unit 2
  • Washer/Dryer Unit 2: N
  • Range/Oven Unit 2: Y
  • Refrigerator Unit 2: Y
  • Dishwasher Unit 2: Y
  • Square Feet Unit 2: 700
  • Rent Unit 2: $775
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1.0
  • Description Unit 2: 2
    Unit 3
  • Washer/Dryer Unit 3: N
  • Range/Oven Unit 3: Y
  • Refrigerator Unit 3: Y
  • Dishwasher Unit 3: Y
  • Square Feet Unit 3: 700
  • Rent Unit 3: $750
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1.0
  • Description Unit 3: 3
    Unit 4
  • Washer/Dryer Unit 4: N
  • Range/Oven Unit 4: Y
  • Dishwasher Unit 4: Y
  • Square Feet Unit 4: 700
  • Rent Unit 4: $775
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1.0
  • Description Unit 4: 4
    Unit 5
  • Washer/Dryer Unit 5: N
  • Range/Oven Unit 5: Y
  • Refrigerator Unit 5: Y
  • Dishwasher Unit 5: Y
  • Square Feet Unit 5: 700
  • Rent Unit 5: $775
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 1.0
  • Description Unit 5: 5
    Unit 6
  • Washer/Dryer Unit 6: N
  • Range/Oven Unit 6: Y
  • Refrigerator Unit 6: Y
  • Dishwasher Unit 6: Y
  • Square Feet Unit 6: 700
  • Rent Unit 6: $800
  • Bedrooms Unit 6: 2
  • Bathrooms Unit 6: 1.0
  • Description Unit 6: 6

Property History for 209 South Wabash Avenue

DateEvent & SourcePriceAppreciationLink
Apr 17, 2017Sold

NWMLS #1061722

$750,000
Mar 6, 2017Pending

NWMLS #1061722

Dec 22, 2016Listed (Active)

NWMLS #1061722

$799,950
DateEvent & SourcePrice
04/17/2017
Sold

NWMLS #1061722

$750,000
03/06/2017
Pending

NWMLS #1061722

12/22/2016
Listed (Active)

NWMLS #1061722

$799,950

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

Schools in Granite Falls, WA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Crossroads Alternative High SchoolPublic9-120.3 mi
NR
Granite Falls Middle SchoolPublic6-80.3 mi
3
Mountain Way Elementary SchoolPublicK-50.6 mi
NR
Monte Cristo Elementary SchoolPublicK-60.8 mi
3

Crossroads Alternative High School

9-12, 0.3 mi, Public

NR

Granite Falls Middle School

6-8, 0.3 mi, Public

3

Mountain Way Elementary School

K-5, 0.6 mi, Public

NR

Monte Cristo Elementary School

K-6, 0.8 mi, Public

3

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.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kelly Right RE of Seattle LLC
Listing provided courtesy of Northwest MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer.