39570 SE Park St Unit 1-10, Snoqualmie, WA 98065

$1,500,000
List Price
$1,500,000
Status
PENDING INSPECTION
MLS#
1257231
Days on Market
22
Style
56 - 10+ Units
Lot Size (sq ft)
12,802

Property Description

Located in Downtown Snoqualmie within blocks of historic Downtown & Centennial Fields Park. 100% occupied and in-place 5.4% CAP. With multi-year leases & built-in rent increases to the commercial & stabilized apt rents, the CAP should achieve 6% in near term. The apartments were completely renovated with all new plumbing, electrical, sheetrock, and cosmetics in 09/10. Walking distance to elementary/high schools, Snoqualmie Valley Trail. SF is est. 2nd Parcel (541710016) 153 Meadowbrook Way SE.

Additional Information

List Date
2018-03-13 00:00:00
Community
Snoqualmie
Property Type
MULT
Units
10
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1923
Total Parking
11
Uncovered Parking
11
View
Mountain, Partial
Exterior
Cement/Concrete, Wood, Wood Products
Roof
Composition
Lot Details
Corner Lot
School District
Snoqualmie Valley
Total Monthly Income
$12,545
Gross Scheduled Income
$150,535
Vacancy Rate
5
Gross Adjusted Income
$143,008
Annual Taxes
$10,177
Tax Year
2018
Insurance Expense
$13,799
W/S/G Expenses
$12,615
Total Expenses
$61,618
Net Operating Income
$81,390
Gross Rent Multiplier
10
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
625
Unit 1 Rent
$1,050
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
625
Unit 2 Rent
$1,095
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
625
Unit 3 Rent
$995
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
625
Unit 4 Rent
$1,095
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
625
Unit 5 Rent
$1,000
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
625
Unit 6 Rent
$1,050

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of NWMLS / Kidder Mathews

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.