Listed by Paragon Real Estate Advisors, Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE

211 4th St Sultan, WA 98294

-- Bed
-- Bath
2,328 Sq Ft
5,663 Sq Ft Lot

Last Sold June 10, 2022

Last sale price $650,000 $279 Per Sq Ft

36 Days on Market

About This Home

As of June 2022

Sultan 5 unit building features 5 efficient 1 bedroom apartments with ample parking and common laundry. The building underwent a major studs out remodel in the early 90’s, which included updating all systems to modern standards. The building has recently had a new pitched composition roof installed as well. This opportunity offers the savvy investor upside through increased rents and improvements in a historically low vacancy building.

Last Agent to Sell the Property

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 03/04/2022

Co-Listed By

Jacob Odegard

Paragon Real Estate Advisors License #120796

Last Buyer's Agent

Kevin Harasimowicz

RE/MAX Metro Realty, Inc. License #102801

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1896124

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,642

Year Built

  • Built in 1906

Lot Details

  • 5,663 Sq Ft Lot

Interior Spaces

  • 2,328 Sq Ft Home
  • 2-Story Property
  • Property Views

Parking

  • 5 Parking Spaces
  • Open Parking

Schools

  • Sultan Elementary School
  • Sultan Mid Middle School
  • Sultan Snr High School

Community Details

  • No Home Owners Association
  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00588801201000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,642

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1906
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2328
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: See Remarks
  • View: See Remarks
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: See Remarks
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 10002

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sultan
  • High School: Sultan Snr High
  • Middle Or Junior School: Sultan Mid

Lot Info

  • Parcel Number: 00588801201000
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5663
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11.6
  • LeasedItems: None
  • TotalMonthlyIncome: 4840

Multi Family

  • Gross Scheduled Income: 58080
  • Net Operating Income: 34907
  • Number Of Units Total: 5
  • Insurance Expense: 2077
  • Leasable Area: 2328
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3642

MLS Schools

  • Elementary School: Sultan Elem

Range of Values:

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Average Value
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List Price
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
06/10/2022 06/10/22 Sold $650,000 -3.7% $279 / Sq Ft
04/09/2022 04/09/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $675,000 -- $290 / 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: 1896124

Northwest Multiple Listing Service (NWMLS)