303 8th Street
303 8th Street
Sultan, WA 98294
$2,000,000
Price
20
Beds
12
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Windermere Real Estate/HLC, Windermere R.E./Snohomish Inc.
Description
Great location Mobile Home Park with a duplex. Under market rents. Please do not approach tenants, tenants unaware of the sale. Park owns all mobile homes. All units currently Leased. Proforma CAP rate 6.3+%. Zoning is High Density good for future development. Owners willing to financing with 50% or more down.Great location Mobile Home Park with a duplex. Under market rents. Please do not approach tenants, tenants unaware of the sale. Park owns all mobile homes. All units currently Leased. Proforma CAP rate 6.3+%. Zoning is High Density good for future development. Owners willing to financing with 50% or more down.
- Listed by Aaron W Zehm • Windermere Real Estate/HLC
- Listed by Peter Gott • Windermere R.E./Snohomish Inc.
Property Details for 303 8th Street
Community Name
Sultan
School DistrictSultan
Number of Assigned Spaces20
Total Covered Parking0
Entry Date04-08-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere Real Estate/HLC; Windermere R.E./Snohomish Inc.![]()
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LISTING UPDATED: 04/22/2024 07:44 PM
Property Details for 303 8th Street
| Status | Active |
|---|---|
| MLS # | 2225925 |
| Days on Market | 25 |
| Cumulative Days on Market | 24 |
| Taxes | $6,700 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1972 |
| Lot Size | 0.86 AC / 37,462 SF |
| County | Snohomish County |
Location
Listing Courtesy of Windermere Real Estate/HLC; Windermere R.E./Snohomish Inc.![]()
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Building Information for 303 8th Street
Stories1Residences10Year Built1972Building Size-Lot Size0.86 AC / 37,462 SF
Payment Calculator
$11,473 per month
30 year fixed, 7.25% Interest
Principal and Interest
$10,915
Property Taxes
$558
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 303 8th Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 750 - East Snohomish County
- Directions: From main st go North on 8th property on the L.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 20.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Forced Air, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl, Wood, Wood Products
- Roof: Built-Up, Composition, Metal
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 18000
- Power Company: Sno PUD
- Sewer Company: Sultan
- Water Company: Sultan
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Post & Block, Poured Concrete, Tie Down
- Zoning Class: Multi-Family,Residential
- Construction Methods: Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 9
Lot Information
- Lot Details: Corner Lot
- Lot Size Dimensions: 210 X 210
- Lot Size Source: Realist
- Parcel Number Free Text: 28083200311600
- Building Condition: Fair
- 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: 20
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 10
- Units Below Grade: false
- Units In Building Total: 10
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 32075
- Gross Adjusted Income: 111000
- Gross Rent Multiplier: 18
- Gross Scheduled Income: $111,000
- Insurance Expense: $3,000
- Net Operating Income: $78,925
- Other Expenses: $4,375
- Total Monthly Income: 9250
- Fuel Expense: $0
Unit 1
- Name Unit 1: M1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Rent Unit 1: $600.00
- Bedrooms Unit 1: 2
- Tenant Description Unit 1: Mobiule 1
- Type Of Use Unit 1: Residence
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: M2
- Rent Unit 2: $1,000.00
- Bedrooms Unit 2: 2
- Tenant Description Unit 2: Mobile 2
- Type Of Use Unit 2: Residence
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: M3
- Rent Unit 3: $950.00
- Bedrooms Unit 3: 2
- Tenant Description Unit 3: Mobile 3
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: M4
- Rent Unit 4: $700.00
- Bedrooms Unit 4: 2
- Tenant Description Unit 4: Mobile 4
- Type Of Use Unit 4: Residence
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: M5
- Rent Unit 5: $1,000.00
- Bedrooms Unit 5: 2
- Tenant Description Unit 5: Mobile 5
- Type Of Use Unit 5: Residence
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: M6
- Rent Unit 6: $1,200.00
- Bedrooms Unit 6: 2
- Tenant Description Unit 6: Mobile 6
- Type Of Use Unit 6: Residence
- Bathrooms Unit 6: 2
Unit 7
- Name Unit 7: M7
- Rent Unit 7: $975.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: M8
- Rent Unit 8: $950.00
- Bedrooms Unit 8: 2
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: A
- Rent Unit 9: $1,000.00
- Bedrooms Unit 9: 2
- Bathrooms Unit 9: 2
Unit 10
- Name Unit 10: B
- Rent Unit 10: $875.00
- Bedrooms Unit 10: 2
- Bathrooms Unit 10: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 8696.0
- Leasable Area Units: Square Feet
Property History for 303 8th Street
| 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.
Public Records for 303 8th Street
Taxable ValueLand$171,800Additions$443,100Total$614,900
Tax Record2022$5,605 ($467 / month)
Home Facts
Baths3Total Finished SqFt1,728 SqFtAbove Ground SqFt1,728 SqFtStories2Lot Size37,462 SqFtStyleMobile Home ParksYear Built1998ZoningHDCountySNOHOMISHAPN28083200311600
Schools near 303 8th Street
This home is within Sultan School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Sultan Elementary School PublicK to 5 | ||
Sultan Parent Partnership Program PublicK to 8 | ||
Sultan Senior High School Public9 to 12 | ||
Columbia Virtual Academy Sultan PublicK 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 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 Windermere Real Estate/HLC; Windermere R.E./Snohomish Inc.
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.