NOT LISTED FOR SALE

210 SW 13th St Unit 1-17 Chehalis, WA 98532

-- Bed
-- Bath
11,054 Sq Ft
0.52 Acres

Last Sold July 30, 2021

Last sale price $2,150,000 $194 Per Sq Ft

12 Days on Market

Highlights

  • Territorial View
  • Thermal Windows
  • High Speed Internet
  • Corner Lot
  • Property is near a preserve or public land
  • 1-minute walk to V.R. Lee Community Building

About This Home

As of July 2021

Adjacent to Penny Playground, The Penny Apartments features 16 units - 8 two bed/1 bath Garden Style and 8 2 bed/1.5 bath Townhome style units. The units are all turn-key, renovated to market standards, and professionally managed by local PM, TJ Guyer. Storage units on site for additional income potential, coin operated laundry and RUBS already in place providing the additional monthly income on top of base rents. Huge market demand for quality rental units and growing rental rates. Current rents $100/month below Pro Forma. Very low maintenance with modern electrical and plumbing. Well maintained and professionally operated. Zero delinquency with perfect collections history and ultra low vacancy sub 5%. Upside in rents and storage income.

Last Listed By

Ross Hubbard

The Paragon Group License #117280 Listed on: 05/03/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1767735

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,884

Year Built

  • Built in 1975

Lot Details

  • 0.52 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Shake Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 11,054 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 24 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Henderson Land Company's Second Add Condos
  • Chehalis Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Legal Lot and Block 1,2,3 and 14 / 1
  • Assessor Parcel Number 005604065001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,884

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1975
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Henderson Land Company's Second Add
  • New Construction: No
  • CalculatedSquareFootage: 11054
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 268

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Playground,Storage,Thermal Windows

Exterior Features

  • Roof: Cedar Shake, Flat, Torch Down
  • View: See Remarks, Territorial
  • Lot Features: Adjacent to Public Land, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 24
  • Open Parking: Yes
  • Total Parking Spaces: 24
  • ParkingUncoveredSpaces: 24

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: LC PUD
  • SewerCompany: City of Chehalis
  • WaterCompany: City of Chehalis
  • WaterSewerGarbage: 12019

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 005604065001
  • Lot Size Acres: 0.52
  • Lot Size Sq Ft: 22651
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: LCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1,2,3 and 14

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 15934

Multi Family

  • Gross Scheduled Income: 191208
  • Net Operating Income: 111961
  • Number Of Units Total: 2
  • Electric Expense: 1110
  • Insurance Expense: 319
  • Leasable Area: 11054
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 15884

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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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
07/30/2021 07/30/21 Sold $2,150,000 +7.6% $194 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $1,999,000 -- $181 / 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: 1767735

Northwest Multiple Listing Service (NWMLS)