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Listing provided by NWMLS, courtesy of Kidder Mathews

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Active
$375,000
/mo   Edit
MLS# 1579859
Multi-Family/Duplex
Built 1910
0.3 acres
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    Description:   Buckner St. Apts. is a value-add opportunity 3 blocks from downtown Centralia. All of the units have been consistently full with long-term tenants and all units have below-market rents in need of updating. Further increase income by increasing laundry income, charging utility bill-back, and lot subdividing lot and building an additional single-family home (buyer to verify). Seller Financing Possible 20% Min Down Payment, 6% Interest, 24-months max term.

    Interior

    Approx. Sq Ft: 0 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
    Amenities: Coin Op Laundry

    Utilities

    Sewer: Sewer Connected

    Location

    City: Centralia
    State: WA
    Zip Code: 98513
    Area: 426
    County: Lewis
    School District: Centralia
    Latitude: 46.71640700
    Longitude: -122.94885900

    Building

    Year Built: 1910
    Roof: Composition
    Exterior: No
    Number of Units in Building: 7

    School

    School District: Centralia

    Lot

    Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 13,068 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Centralia
    Site Features: Cable TV, Deck

    Rent

    Terms: Assumable, Cash Out, Conventional, FHA, Owner Financing, Rehab Loan, See Remarks, USDA

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $2,511
    Insurance Expenses: 1440
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 7603
    Total Expenses: 21136
    Tax Year: 2020
    Gross Scheduled Income: 45480
    Vacancy Rate: 5
    Gross Adjusted Income: 43206
    Total Expenses: 21136
    Net Operating Costs: 22070
    Gross Rent Multiplier: 8
    Total Monthly Income: 3790

    Unit 1

    Description Unit 1: 202-1
    Sq Ft Unit 1: 328 ft²
    Bedrooms Unit 1: 0
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Fireplaces Unit 1: 0
    Rent Unit 1: $460

    Unit 2

    Description Unit 2: 202-2
    Sq Ft Unit 2: 288 ft²
    Bedrooms Unit 2: 0
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Fireplaces Unit 2: 0
    Rent Unit 2: $535

    Unit 3

    Description Unit 3: 202-3
    Sq Ft Unit 3: 350 ft²
    Bedrooms Unit 3: 0
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Fireplaces Unit 3: 0
    Rent Unit 3: $505

    Unit 4

    Description Unit 4: 202-4
    Sq Ft Unit 4: 490 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Fireplaces Unit 4: 0
    Rent Unit 4: $500

    Unit 5

    Description Unit 5: 206-1
    Sq Ft Unit 5: 440 ft²
    Bedrooms Unit 5: 1
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Fireplaces Unit 5: 0
    Rent Unit 5: $490

    Unit 6

    Description Unit 6: 206-2
    Sq Ft Unit 6: 512 ft²
    Bedrooms Unit 6: 1
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Fireplaces Unit 6: 0
    Rent Unit 6: $490

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    Listing provided by NWMLS, courtesy of Kidder Mathews