400-526 May Street
400-526 May Street
Raymond, WA 98577
$1,700,000
Price
20
Beds
6
Baths
21,082 Sq. Ft.
$81 / Sq. Ft.
21,082
Sq. Ft.
$81
per Sq. Ft.
For Sale By Owner
For Sale By Owner
Description
Portfolio for sale. 6 properties, 25 units. Total of 21,082 sqft
All properties are listed separately as well. I am open to selling to different buyers if they all sell. The plan would be to close on at least 5 (excluding 526 May St) or all 6 at the same time to do a 1031 exchange. Selling to different buyers will be complicated and additional trouble for the buyers. I hope to find investors who understand and are willing to work with me and possibly other buyers. Sorry, I'm not interested in selling...Portfolio for sale. 6 properties, 25 units. Total of 21,082 sqft
All properties are listed separately as well. I am open to selling to different buyers if they all sell. The plan would be to close on at least 5 (excluding 526 May St) or all 6 at the same time to do a 1031 exchange. Selling to different buyers will be complicated and additional trouble for the buyers. I hope to find investors who understand and are willing to work with me and possibly other buyers. Sorry, I'm not interested in selling one at a time. I'll sell all or keep all. I will only sign at title when all of the properties are ready to sign. If it doesn't work out, I apologize in advance for anyone who has invested time and energy trying to work with me. All of the buildings need some work. Ranging from very little to a lot. Individual listings have more details. You will get more information much faster if you read those before calling. Addresses listed below. I don't have current P&L's or NOI's worked out at this time. I put everything I have in to these properties, fixing them up, so those wouldn't accurately represent the income potential of them. Also, almost all of my rents are under market value by quite a margin. Defiantly a rental value add opportunity on top of sweat equity potential. I do have year to date rent rolls, taxes and utilities. I'm willing to look at all offers. I will also consider offers for 5 properties minus the 526 May St. building. It's the only one I'll sell separately, after the other 5 sell. Realtors, please do not call to get a listing. Listed FSBO but I already have a Realtor if needed. If you have your own Realtor, or you're a Realtor with a buyer, I can offer a buyers commission. The fee should be reflected in the offer. Asking price leaves room for that. Do not disturb tenants. Buyers should contact me before inspections. Once we get the ball rolling, I'll give you adequate time and access to do your due diligence.
400 9th St. Raymond, WA 98577 10 unit Apartment building. 6, 2BR/1BA units and 4, 1BR/1BA units. 7 units currently rented. 2 of the units are unlivable at the moment. Floors are out, part of back porch removed, to do rot repairs which are done and ready to go back together. The other vacant unit needs a bit of work. All units individually metered for electric. Landlord pays water, sewer and garbage. Building needs a lot of work, too much to list. Basically a partial renovation needed. Best to see individual listing or call and come take a look.
526 May St. Raymond, WA 98577 7 Apartments; 5, 2BR/1BA units. 1, 1BR/1BA unit. And a studio. 4 units rented, 1 unit utilized by owner (me) and 2 units vacant. Central water heating system paid by Landlord. All units individually metered for electric. Landlord pays water, sewer and garbage. Coin laundry in basement. Building needs a lot of work. Best to see individual listing or call and come take a look.
1627 Riddell St. Raymond, WA 98577 4-Plex. 2, 2BR/1BA units and 2, 1BR/1BA units. 3 units rented. 1 vacant. New roof August 2022. Building needs some work.
1210 Willapa St. Raymond, WA 98577 2BR/1BA House. Large lot, big front yard. Not currently rented. Garage and kitchen have extra ranges and refrigerators. Using space for appliance repairs. Only one will stay with the house if sold to separate buyers. Garage has a wheelchair ramp to access the house. New water heater. House needs work.
1353 Larch St. Raymond, WA 98577 Duplex. 3BR/1BA upper unit, 2BR/1BA lower unit. Both rented. Landlord pays all utilities. Building in good shape.
1345 Larch St. Raymond, WA 98577 2BR/1BA House. Rented. Needs a roof soon, some siding and porch work. Sorry, no inside photos at this time. Interior is a bit smaller than it looks from the outside. Has both front and back enclosed porches, attic and crawl space that make the house look larger. Attic could be finished into upper room. Has a window facing Larch St. but only a hatch for access. Potential to increase finished sq footage. Large/tall crawl space under West end of house. Tapers up on East end. See more photos on individual listings. All properties to be sold in 'as is' condition. Will be doing a 1031 exchange. Call owner at (503)260-5955 Please text if no answer.
All properties are listed separately as well. I am open to selling to different buyers if they all sell. The plan would be to close on at least 5 (excluding 526 May St) or all 6 at the same time to do a 1031 exchange. Selling to different buyers will be complicated and additional trouble for the buyers. I hope to find investors who understand and are willing to work with me and possibly other buyers. Sorry, I'm not interested in selling...Portfolio for sale. 6 properties, 25 units. Total of 21,082 sqft
All properties are listed separately as well. I am open to selling to different buyers if they all sell. The plan would be to close on at least 5 (excluding 526 May St) or all 6 at the same time to do a 1031 exchange. Selling to different buyers will be complicated and additional trouble for the buyers. I hope to find investors who understand and are willing to work with me and possibly other buyers. Sorry, I'm not interested in selling one at a time. I'll sell all or keep all. I will only sign at title when all of the properties are ready to sign. If it doesn't work out, I apologize in advance for anyone who has invested time and energy trying to work with me. All of the buildings need some work. Ranging from very little to a lot. Individual listings have more details. You will get more information much faster if you read those before calling. Addresses listed below. I don't have current P&L's or NOI's worked out at this time. I put everything I have in to these properties, fixing them up, so those wouldn't accurately represent the income potential of them. Also, almost all of my rents are under market value by quite a margin. Defiantly a rental value add opportunity on top of sweat equity potential. I do have year to date rent rolls, taxes and utilities. I'm willing to look at all offers. I will also consider offers for 5 properties minus the 526 May St. building. It's the only one I'll sell separately, after the other 5 sell. Realtors, please do not call to get a listing. Listed FSBO but I already have a Realtor if needed. If you have your own Realtor, or you're a Realtor with a buyer, I can offer a buyers commission. The fee should be reflected in the offer. Asking price leaves room for that. Do not disturb tenants. Buyers should contact me before inspections. Once we get the ball rolling, I'll give you adequate time and access to do your due diligence.
400 9th St. Raymond, WA 98577 10 unit Apartment building. 6, 2BR/1BA units and 4, 1BR/1BA units. 7 units currently rented. 2 of the units are unlivable at the moment. Floors are out, part of back porch removed, to do rot repairs which are done and ready to go back together. The other vacant unit needs a bit of work. All units individually metered for electric. Landlord pays water, sewer and garbage. Building needs a lot of work, too much to list. Basically a partial renovation needed. Best to see individual listing or call and come take a look.
526 May St. Raymond, WA 98577 7 Apartments; 5, 2BR/1BA units. 1, 1BR/1BA unit. And a studio. 4 units rented, 1 unit utilized by owner (me) and 2 units vacant. Central water heating system paid by Landlord. All units individually metered for electric. Landlord pays water, sewer and garbage. Coin laundry in basement. Building needs a lot of work. Best to see individual listing or call and come take a look.
1627 Riddell St. Raymond, WA 98577 4-Plex. 2, 2BR/1BA units and 2, 1BR/1BA units. 3 units rented. 1 vacant. New roof August 2022. Building needs some work.
1210 Willapa St. Raymond, WA 98577 2BR/1BA House. Large lot, big front yard. Not currently rented. Garage and kitchen have extra ranges and refrigerators. Using space for appliance repairs. Only one will stay with the house if sold to separate buyers. Garage has a wheelchair ramp to access the house. New water heater. House needs work.
1353 Larch St. Raymond, WA 98577 Duplex. 3BR/1BA upper unit, 2BR/1BA lower unit. Both rented. Landlord pays all utilities. Building in good shape.
1345 Larch St. Raymond, WA 98577 2BR/1BA House. Rented. Needs a roof soon, some siding and porch work. Sorry, no inside photos at this time. Interior is a bit smaller than it looks from the outside. Has both front and back enclosed porches, attic and crawl space that make the house look larger. Attic could be finished into upper room. Has a window facing Larch St. but only a hatch for access. Potential to increase finished sq footage. Large/tall crawl space under West end of house. Tapers up on East end. See more photos on individual listings. All properties to be sold in 'as is' condition. Will be doing a 1031 exchange. Call owner at (503)260-5955 Please text if no answer.
Amenities
- Attic
- Basement
- Crawl Space
- Front Yard
- Garage
- Laundry
- Porch
- Range
Location
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LISTING UPDATED: 06/26/2023 05:00 PM
Property Details for 400-526 May Street
| Status | Active |
|---|---|
| MLS # | 11496124 |
| Days on Market | 308 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1973 |
| Lot Size | 0.00 AC / 0 SF |
| County | Pacific County |
Location
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Building Information for 400-526 May Street
Stories-Residences-Year Built1973Building Size-Lot Size0.00 AC / 0 SF
Payment Calculator
$9,278 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,278
Property Taxes
—
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 400-526 May Street
Summary
Parking
- Garage Carsize: 1
Property
Lot Information
- Lotsize: 0.0
Property and Assessments
- Year Built: 1973
Interior and Exterior Features
Interior Features
- Quarter Baths: 0
- Halfbaths: 0
- Threequarterbaths: 0
- Fullbaths: 6
- Bedrooms: 20
Property History for 400-526 May Street
| 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.
Schools near 400-526 May Street
This home is within Raymond School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Raymond Elementary School PublicPK to 6 | ||
Raymond Junior Senior High School Public7 to 12 | ||
Raymond Home Link School 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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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.