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38874 SE Newton Street

Snoqualmie, WA 98065
  • $1,000,000
  • STATUS: Sold
  • ON SITE: 35 days
  • ID#: 1796031
Sold - 07/23/2021
$1,000,000
SOLD - 07/23/2021
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

School District:
Listing Courtesy of Re/Max Metro Realty, Inc..

Description

Attention investors: fully-tenanted fourplex in downtown Snoqualmie with actual (not forecast) 5.77 CAP rate, half a block from riverside park and play areas, two blocks from quaint, historic downtown, and close to area schools. Over $95,000 spent in 2009/2010 in conjunction with FEMA to lift the building 9 feet, so no more risk of interior damage from flooding. Seller procured inspection available upon request, completed in early 2021 and completed punch-list of exterior maintenance. Fresh exterior paint. Possibility to increase some rents to market rate and gain an even better CAP rate. Professional management available to new buyer at same rate. Don't miss this opportunity to own in a fast-growing East County community!

Listing by Rob Brodie. Sold by Compass.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-28T00:14:15.53.

www.nwhomeexperts.com/homes/118593302
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38874 SE Newton Street Snoqualmie, WA 98065

  • Price: $849,900
  • Status: Sold
  • Updated: 187 min ago
  • ID#: 1796031
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1976
Built
Neighborhood:
Snoqualmie
County:
King
Area:
Sammamish,Fall City,N.Bend,Fall Cty,Snoq
School District:
Snoqualmie Valley
Property Description
Attention investors: fully-tenanted fourplex in downtown Snoqualmie with actual (not forecast) 5.77 CAP rate, half a block from riverside park and play areas, two blocks from quaint, historic downtown, and close to area schools. Over $95,000 spent in 2009/2010 in conjunction with FEMA to lift the building 9 feet, so no more risk of interior damage from flooding. Seller procured inspection available upon request, completed in early 2021 and completed punch-list of exterior maintenance. Fresh exterior paint. Possibility to increase some rents to market rate and gain an even better CAP rate. Professional management available to new buyer at same rate. Don't miss this opportunity to own in a fast-growing East County community!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features AlleyCorner LotCurbsPavedSidewalk Open Parking Spaces 4 Open Parking YN Yes Parking Total 4 Parking Uncovered Spaces 4 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring Ceramic TileVinylCarpet Foundation Details See Remarks Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 600 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 85980 Insurance Expense 3204 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 49079 New Construction YN No Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckHigh Speed Internet Special Listing Conditions None Tax Annual Amount 9109 Tax Year 2020 Total Expenses 35181 Units In Building Total 4 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 12000 Water Source Community Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-28T00:14:15.53.

 
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NW Home Experts
2211 Elliott Avenue Suite 200
Seattle WA, 98121
Listing Courtesy of Re/Max Metro Realty, Inc..