514 W Main Street, Elma, WA 98541

$280,000
2,328
SqFt

Listing courtesy of Riley Jackson Real Estate Inc.. Selling Office: Keller Williams Downtown Sea.

Sold Price
$280,000
List Price
$290,000
Status
SOLD
MLS#
1394597
Closing Date
Aug 06, 2019
Days on Market
150
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,328
Area Total SqFt
2328
Annual Tax Ammount
1892
Lot Size (sq ft)
8,276
Sewer
Sewer Connected

Property Description

Great Main Street Investment Opportunity w/Residential/Commercial Zoning! Work or live in one unit and the remaining rents make the payment! Charming 4 plex located across from bus depot, walking distance of schools, shopping, dining, laundromat, post office and close to new hospital. Building has been consistently maintained. Two downstairs units handicap accessible. 4 parking spots off alley + on street parking. Wrapping porch w/handicap ramps. Great rental history.

Additional Information

List Date
2019-03-09 00:00:00
Community
Elma
Net Operating Income
$21,635
Gross Adjusted Income
$21,635
Gross Scheduled Income
$27,780
Water/Sewer/Garbage Expenses
$4,253
Gross Rent Multiplier
12
Cap Rate
6.7
Total Number of Units
4
Unit Name
514
Potential Terms
Cash Out, Conventional
Year Built
1881
View
Territorial
Roof
Composition, Metal
Site Features
Deck
School District
Elma
Elementary School
Elma Elem
Middle School
Elma Mid
High School
Elma High
Gross Scheduled Income
$27,780
Gross Adjusted Income
$21,635
Tax Year
2018
W/S/G Expenses
$4,253
Net Operating Income
$21,635
Gross Rent Multiplier
12
Cap Rate
6.7
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