209 South Wabash Avenue
209 South Wabash Avenue
Granite Falls, WA 98252
$750,000
Last Sold Price
15
Beds
8
Baths
5,980 Sq. Ft.
$125 / Sq. Ft.
5,980
Sq. Ft.
$125
per Sq. Ft.
Sold 4/17/17
Sold 4/17/17
Listing provided courtesy of Hometown Advisor R/E, LLC, Realty One Group Preview
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.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.
- Listed by Lori Sterley • Hometown Advisor R/E, LLC
Property Details for 209 South Wabash Avenue
Community Name
Granite Falls
School DistrictGranite Falls
ViewTerritorial
Number of Assigned Spaces16
Total Covered Parking0
Entry Date12-22-2016
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Hometown Advisor R/E, LLC![]()
Sold By Realty One Group Preview
Add your commute
LISTING UPDATED: 11/30/2021 02:56 PM
Property Details for 209 South Wabash Avenue
| Status | Sold |
|---|---|
| MLS # | 1061722 |
| Days on Market | 74 |
| Cumulative Days on Market | 1127 |
| Taxes | $7,251 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1987 |
| Lot Size | 0.50 AC / 21,780 SF |
| County | Snohomish County |
Location
Listing Courtesy of Hometown Advisor R/E, LLC![]()
Sold By Realty One Group Preview
Add your commute
Building Information for 209 South Wabash Avenue
Stories1Residences8Year Built1987Building Size-Lot Size0.50 AC / 21,780 SF
Payment Calculator
$4,697 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,093
Property Taxes
$604
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 209 South Wabash Avenue
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Patio
- Area: 760 - Northeast Snohomish?
- 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
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2016
Parking
- Number of Carport Spaces: 8.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Vinyl, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Amenities: Coin Op Laundry,Storage
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Wood
- Roof: Composition, Metal, Tile
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water/Sewer/Garbage: 10284
- Power Production Type: Electric
- Utilities: Cable Connected, Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 12
Lot Information
- Lot Details: Alley, Corner Lot, Curbs, Paved
- Lot Number: 9, 10, 11 & 12
- Lot Size Source: SCR
- Parcel Number Free Text: 00601300100900
- Building Condition: Very Good
- Calculated Square Footage: 5980
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5980.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 1
- Vacancy Rate: 3585
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $1,776
- Total Expenses: 29005
- Gross Adjusted Income: 72300
- Gross Rent Multiplier: 11
- Gross Scheduled Income: $75,300
- Insurance Expense: $3,241
- Net Operating Income: $46,295
- Other Expenses: $2,868
- Total Monthly Income: 74400
- Fuel Expense: $0
Unit 1
- Name Unit 1: 3
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 700
- Rent Unit 1: $750.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 6
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 700
- Rent Unit 2: $800.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 5
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 700
- Rent Unit 3: $775.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 2
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 700
- Rent Unit 4: $775.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 4
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 700
- Rent Unit 5: $775.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 8
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 600
- Rent Unit 6: $575.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 700
- Rent Unit 7: $800.00
- Bedrooms Unit 7: 2
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 1
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Square Feet Unit 8: 700
- Rent Unit 8: $775.00
- Bedrooms Unit 8: 2
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5980.0
- Leasable Area Units: Square Feet
Property History for 209 South Wabash Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 209 South Wabash Avenue
This home is within Granite Falls School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Monte Cristo Elementary School Public3 to 6 | ||
Granite Falls Middle School Public6 to 8 | ||
Granite Falls High School Public9 to 12 | ||
Mountain Way Elementary School PublicPK to 2 |
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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Hometown Advisor R/E, LLC
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.