107 W Main St, Monroe, WA 98272

$695,000
3,500
SqFt

Listing courtesy of Faira.com LLC.

List Price
$695,000
Status
ACTIVE
MLS#
1475375
Days on Market
130
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
3,500
Lot Size (sq ft)
3,049

Property Description

Wonderful TRIPLEX MIXED-USE Historic Building in heart of downtown Monroe. 5.5 % Cap! Fully leased Restaurant and Apartment. Continue with great investment income or run your own restaurant and live above. Potential business purchase as well. Renovated historic building in amazing location of W. Main downtown Monroe.

Additional Information

List Date
2019-06-07 00:00:00
Community
In Town - Monroe
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1913
Total Parking
4
Uncovered Parking
4
View
City
Exterior
Cement/Concrete
Roof
Flat
Site Features
Cable TV, Deck, Gas Available, Outbuildings
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Monroe
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Gross Scheduled Income
$44,640
Gross Adjusted Income
$39,422
Annual Taxes
$3,318
Tax Year
2018
Insurance Expense
$1,400
Total Expenses
$5,218
Net Operating Income
$39,422
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
2000
Unit 1 Rent
$1,950
Unit 2 Beds
3
Unit 2 Baths
1.50
Unit 2 Size
1500
Unit 2 Rent
$1,770
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