NOT LISTED FOR SALE

1201 W Main St Elma, WA 98541

-- Bed
-- Bath
9,152 Sq Ft
0.39 Acres

Last Sold November 28, 2019

Last sale price $1,169,000 $128 Per Sq Ft

12 Days on Market

Highlights

  • 0.39 Acre Lot
  • Corner Lot
  • Property is in very good condition
  • Wood Flooring
  • Open Space

About This Home

As of November 2019

Excellent cash flow building with rents well below market. Consists of 2 buildings and a separate building for coin-op laundry. All units are 2 bedroom 1 bath approximately 750 square feet. All units either have a balcony or patio. All units also have assigned parking spaces. In 2014/2015 current owner replaced roof with metal roof, interior and exterior have been repainted and appliances replaced. Building is within walking distance to all amenities. (POSSIBLE OWNER FINANCING)

Last Listed By

Michael Durham

Keller Williams Rlty Bellevue License #130677 Listed on: 05/31/2019

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1462686

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,962

Year Built

  • Built in 1977

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 142'x128'x137'x127'
  • Open Space
  • Corner Lot
  • Property is in very good condition

Home Design

  • Slab Foundation
  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 9,152 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 13 Parking Spaces
  • Open Parking

Community Details

  • Elma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 046000100100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,962

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 9152
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 3
  • Special Features: None
  • Cumulative Days on Market: 260

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, See Remarks, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Metal
  • Lot Features: Alley, Corner Lot, Open Space, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 13
  • Open Parking: Yes
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 13

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Elma
  • WaterCompany: City of Elma
  • WaterSewerGarbage: 10596

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Elma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 046000100100
  • Lot Size Acres: 0.3903
  • Lot Size: 142'x128'x137'x127'
  • Lot Size Sq Ft: 17000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 9550

Multi Family

  • Gross Scheduled Income: 114600
  • Net Operating Income: 91042
  • Number Of Units Total: 12
  • Electric Expense: 1440
  • Insurance Expense: 4900
  • Leasable Area: 9152
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5962

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Sold Price
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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 Change Sq Ft Price
11/28/2019 11/28/19 Sold $1,169,000 -2.5% $128 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $1,199,000 -- $131 / 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: 1462686

Northwest Multiple Listing Service (NWMLS)

APN: 046000100100