Listed by The Paragon Group, Bought with Windermere RE Walla Walla
NOT LISTED FOR SALE

503 S 2nd Ave Walla Walla, WA 99362

-- Bed
-- Bath
4,728 Sq Ft
0.27 Acres

Last Sold May 20, 2022

Last sale price $844,900 $179 Per Sq Ft

99 Days on Market

Highlights

  • Territorial View
  • Thermal Windows
  • Dog Run
  • No HOA
  • Vinyl Plank Flooring
  • High Speed Internet

About This Home

As of May 2022

Investor Alert! Rare opportunity! 9 unit apartment building centrally located in Walla Walla. Zero vacancies with rents high and stable! Nearly full renovation which includes ~$5k in appliances, ~$12k in flooring, and ~$20k in other renovation costs. Property amenities include communal coin/debit operated laundry, a grassy area for pets, and ample tenant parking. Exterior features include durable stucco siding, a long-lasting metal roof, and vinyl windows. Electricity is individually metered and paid for by tenants. Property is connected to sewer. Potential to construct tenant storage units to increase income. Demand for housing in Walla Walla is not meeting the supply so there are anticipated increases in rents. Professionally managed.

Last Agent to Sell the Property

Ross Hubbard

The Paragon Group License #117280 Listed on: 02/03/2022

Co-Listed By

Keaton Santi

The Paragon Group License #139881

Last Buyer's Agent

Allison Stensrude

Windermere RE Walla Walla License #111659

Windermere RE Walla Walla

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1883722

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,086

Year Built

  • Built in 1946

Lot Details

  • 0.27 Acre Lot
  • Dog Run
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Stucco
  • Wood Composite

Interior Spaces

  • 4,728 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 16 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Roberts Add Condos
  • Walla Walla Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 31
  • Assessor Parcel Number 360729873105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,086

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1946
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Roberts Add
  • New Construction: No
  • CalculatedSquareFootage: 4728
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,See Remarks,Thermal Windows

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 16

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Pacific Power
  • SewerCompany: City of Walla Walla
  • WaterCompany: City of Walla Walla
  • CableConnected: Spectrum
  • InternetConnected: Spectrum
  • WaterSewerGarbage: 7742

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 360729873105
  • Lot Size Acres: 0.272
  • Lot Size Sq Ft: 11848
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dog Run,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 5

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9.76
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 7670

Multi Family

  • Gross Scheduled Income: 92170
  • Net Operating Income: 64644
  • Number Of Units Total: 9
  • Electric Expense: 556
  • Insurance Expense: 3733
  • Leasable Area: 3336
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2086

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 List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $844,900 -6.1% $179 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $899,900 0.0% $190 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $899,900 -- $190 / 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: 1883722

Northwest Multiple Listing Service (NWMLS)