- Listing #:
- 2187591
- Price:
- $625,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- # of Acres:
- 0.25
- Year Built:
- 2008
- Comm/Assn:
- Kittitas
- City:
- Kittitas
- County:
- Kittitas
- State:
- WA
- Zip:
- 98934
- Right of 1st Refusal:
- No
QR Code
Description
Opportunity to purchase a 4,800 square foot mixed-use building located at 116 S Main Street in Kittitas. The 100% occupied, 4-unit property features two 1200 sqft commercial units on the ground floor, and two 1,200 sqft apartments upstairs. Built in 2008, and priced well-below replacement cost, this newer construction property will provide an investor with stable cash flow at a low-cost basis. Alternatively, it would be a great opportunity to own and occupy 1 of the units with owner-occupied financing.
Property Features
- Cap Rate:
- - 6.03
- Exterior Features:
- - Wood Products
- Gross Scheduled Income:
- - $55,200.00
- Insurance Expense:
- - $3,091.00
- Net Operating Income:
- - $37,703.00
- Approx. Building Sq.Ft.:
- - 4,800.00
- Approx. Office Sq.Ft.:
- - 1,200.00
- Gross Adjusted Income:
- - 52440
- Gross Rent Multiplier:
- - 11.91
- Parking Uncovered Total:
- - 11
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Expenses:
- - 14737
- Vacancy Rate:
- - 5
- Water Sewer Garbage:
- - 4380
- Zoning Class:
- - Commercial
- Zoning Jurisdiction:
- - County
- Other Expense:
- - 2622
- Parcel Number:
- - 572333
- Possible Use:
- - Commercial
- :
- - Level
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $4,644.00
- Tax Year:
- - 2023
- Water Source:
- - Public
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