107-A+B MAIN St $246,900

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    107-A+B MAIN St Sultan, WA 98294

    • 0.09 Acres
    • Commercial/Industrial
    Listing# 1502957 | Active
    Days On Market: 74 13 Views
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    Property Details

    Mixed use site, old downtown Sultan next to parks. 2 legal separate units, home/office & warehouse. Perfect for owner occupant as small business & hobby shop, retail or artists studio. Rare find & great future investment! Units have rented to give $30K year gross income at over 10% CAP Rate! Surrounded by parks & greenbelt, located in center of annual Sultan Shindig. New foot bridge over river being built at adjoining River Park. Great exposure & easy access from HWY-2 for business.

    • General Features
      • County Snohomish
      • Approx Building SqFt 1,800
      • Approx Office SqFt 810
      • Approx Whse/Mfg SqFt 990
      • Zoning Class Commercial
      • Lot Dimensions 32.66 x 120
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Cement/Concrete, Wood
      • Foundation Post and Pillar, See Remarks
      • Roof Composition
      • Floor Covering Ceramic Tile, See Remarks, Vinyl
      • Heating and Cooling Stove/Free Standing, Wall
      • Ceiling Height 15
      • Loading 1-3 Bays, Dock High
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company sultan
      • Energy Source Electric, Natural Gas, See Remarks
      • Power Company snoh PUD
      • Number of Available Pads 0
      • Lot Square Footage 3,970
    • Financials
      • Vacancy Rate 3
      • Total SqFt Rented 1,800
      • Total Monthly Rent $2,500
      • Gross Rent Multiplier 8
      • Cap Rate -NOI div LP 10.5
      • Gross Scheduled Income $30,000
      • Gross Adjusted Income $29,100
      • Total Expenses $2,986
      • NOI $26,114
      • Electrical Expenses $0
      • Tax Expense $1,386
      • Heating Expense $0
      • Insurance Expense $1,200
      • Other Expenses $400
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98294 (Sultan) Demographics

    39Median Age
    111Population Density (per sq. mile)
    31%College Educated
    $60,376 Estimated Median Income
    1,840Estimated Total Home Owners
    839Estimated Total Renters
    69% / 31%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    6,659Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $365,000 Median Sales Price
    22 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $246,900
        9/4/2019 7:01:17 PM Price Reduced Source New Value: $246,900 -10.83%
        8/8/2019 12:31:00 PM New in Database Source New Value: $276,900

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.