401 North Tower Avenue
401 North Tower Avenue
Centralia, WA 98531
$675,000
Last Sold Price
6
Beds
3
Baths
7,144 Sq. Ft.
$94 / Sq. Ft.
7,144
Sq. Ft.
$94
per Sq. Ft.
Sold 9/23/22
Sold 9/23/22
Listing provided courtesy of CENTURY 21 Lund, Realtors
Description
Built in 1912, this building has been a part of Centralia's rich history. Many updates have been done to this corner brick beauty. More could be done to renovate vacant voids in the building to create additional rentable space. Cap rate is based on current rentals, and, I am sure you never heard this before, but apartments are at least $400 each below market rents for the area.Built in 1912, this building has been a part of Centralia's rich history. Many updates have been done to this corner brick beauty. More could be done to renovate vacant voids in the building to create additional rentable space. Cap rate is based on current rentals, and, I am sure you never heard this before, but apartments are at least $400 each below market rents for the area.
- Listed by Gary A. Fox • CENTURY 21 Lund, Realtors
Property Details for 401 North Tower Avenue
Community Name
Centralia
School DistrictCentralia
ViewCity
Number of Assigned Spaces0
Total Covered Parking0
Entry Date08-08-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of CENTURY 21 Lund, Realtors![]()
Sold By CENTURY 21 Lund, Realtors
Add your commute
LISTING UPDATED: 09/23/2022 04:12 PM
Property Details for 401 North Tower Avenue
| Status | Sold |
|---|---|
| MLS # | 1979729 |
| Days on Market | 9 |
| Cumulative Days on Market | 9 |
| Taxes | $2,600 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1912 |
| Lot Size | 0.09 AC / 3,920 SF |
| County | Lewis County |
Location
Listing Courtesy of CENTURY 21 Lund, Realtors![]()
Sold By CENTURY 21 Lund, Realtors
Add your commute
Building Information for 401 North Tower Avenue
Stories-Residences6Year Built1912Building Size-Lot Size0.09 AC / 3,920 SF
Payment Calculator
$3,900 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,684
Property Taxes
$217
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 401 North Tower Avenue
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 426 - Centralia
- Elementary School: Buyer To Verify
- Middle Or Junior School: Centralia Mid
- High School: Centralia High
- Effective Year Built Source: Public Records
- Directions: From I-5 take Exit 82, head east on Harrison Ave which will become Main St. Continue east on Main St, turn left (head north) onto Tower Ave to address.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Softwood, Laminate
- Features: Fir/Softwood, Laminate, Laminate Tile
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Brick, Wood
- Roof: Flat
Property
Utilities
- Heating and Cooling: Radiant
- Water Source: Public
- Water/Sewer/Garbage: 6000
- Power Company: City of Centralia
- Sewer Company: City of Centralia
- Water Company: City of Centralia
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Commercial,Multi-Family
- Possible Use: Commercial, Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1935
- Photos Count: 40
Lot Information
- Lot Size Source: Assessors
- Parcel Number Free Text: 001973000000
- Calculated Square Footage: 7144
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 7144.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 0
- Vacancy Rate: 3
- Number Of Units Total: 6
- Units Below Grade: false
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 12700
- Gross Adjusted Income: 50600
- Gross Rent Multiplier: 14.3
- Gross Scheduled Income: $52,200
- Insurance Expense: $2,600
- Net Operating Income: $38,000
- Other Expenses: $1,500
- Total Monthly Income: 4350
- Fuel Expense: $0
Unit 1
- Name Unit 1: 111
- Rent Unit 1: $700.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 113
- Rent Unit 2: $700.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 115
- Rent Unit 3: $700.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: Commercial 1
- Rent Unit 4: $875.00
Unit 5
- Name Unit 5: Commercial 2
- Rent Unit 5: $875.00
Unit 6
- Name Unit 6: Commercial 3
- Rent Unit 6: $500.00
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 7200.0
- Leasable Area Units: Square Feet
Property History for 401 North Tower 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.
Public Records for 401 North Tower Avenue
Taxable ValueLand$81,800Additions$517,300Total$599,100
Tax Record2023$4,913 ($409 / month)
Home Facts
Total Finished SqFt3,546 SqFtAbove Ground SqFt3,546 SqFtStories2Lot Size3,920 SqFtStyleOffice BuildingYear Built1935Year Renovated1985CountyLEWISAPN001973000000
Schools near 401 North Tower Avenue
This home is within Centralia School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 6 |
Rating | School | Distance |
|---|---|---|
Edison Elementary School PublicK to 6 | ||
Centralia Middle School Public7 to 8 | ||
Centralia High School Public9 to 12 | ||
Washington Elementary School PublicK 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 CENTURY 21 Lund, Realtors
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.