Listed by RE/MAX Extra Inc.
NOT LISTED FOR SALE

10 Monohon Landing Rd Raymond, WA 98577

-- Bed
-- Bath
34,186 Sq Ft
2.99 Acres

Last Sold February 23, 2022

Last sale price $3,750,000 $110 Per Sq Ft

Highlights

  • River Access
  • River View
  • 2.99 Acre Lot
  • RV Access or Parking
  • Waterfront
  • Deck

About This Home

As of February 2022

Opportunity knocks, great cashflow!! 24 apartments (2, 3-story buildings) 6-one bed units 12-2 bed/2bath units and 6 3 bed/2ba units with ample parking. PLUS 72 Storage units. Most of the units have been updated with granite counters. Patios, decks, W/D & river views. Rents include water/sewer/garbage. everything is always full with a waiting list. Onsite manager easy for absentee owner. Beautiful corner setting on river w/ mature landscape near town/highway. Boat/RV parking could bring in additional income. Additional income source from two extra parcels previously approved by city. for 18 unit building & 12 storage units. NOT in a flood zone.

Last Agent to Sell the Property

Don Goethals

RE/MAX Extra Inc. License #5573 Listed on: 02/23/2022

RE/MAX Extra Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1893664

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,728

Year Built

  • Built in 2009

Lot Details

  • 2.99 Acre Lot
  • Waterfront
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Property Views

  • River
  • City
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 34,186 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 60 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • River Access
  • Deck
  • Patio
  • Outbuilding

Schools

  • Raymond Elementary School
  • Raymond Jnr Snr High Middle School
  • Raymond Jnr Snr High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Monohon Landing Condos
  • Raymond Subdivision

Listing and Financial Details

  • Assessor Parcel Number 72052013001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,728

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2009
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Monohon Landing
  • New Construction: No
  • CalculatedSquareFootage: 34186
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Thermal Windows

Exterior Features

  • Roof: Composition, Metal
  • View: City, River, Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront Features: Bank-Medium, River Access
  • Waterfront: Yes
  • Exterior Features: Cement/Concrete, Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame,Steel & Concrete

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 60

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced, FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Pacific Co PUD #2
  • SewerCompany: City of Raymond
  • WaterCompany: City of Raymond

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Raymond
  • High School: Raymond Jnr Snr High
  • Middle Or Junior School: Raymond Jnr Snr High

Lot Info

  • Parcel Number: 72052013001
  • Lot Size Acres: 2.9904
  • Lot Size Sq Ft: 130262
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Fenced-Partially,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 28850

Tax Info

  • Year: 2020
  • Tax Annual Amount: 19728
  • AdditionalTaxIds: 72052011000,72052012001,72052026009

Multi Family

  • Number Of Units Total: 99
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Raymond Elem

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2022 02/23/22 Sold $3,750,000 0.0% $110 / Sq Ft
02/23/2022 02/23/22 For Sale $3,750,000 -- $110 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1893664

Northwest Multiple Listing Service (NWMLS)