125 E Main St $1,650,000

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    125 E Main St Monroe, WA 98272

    • 0.15 Acres
    • Commercial/Industrial
    Listing# 1472452 | Active
    Days On Market: 131 0 Views
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    Property Details

    Fully leased office/retail building in downtown Monroe. Great opportunity to own a building in the fast growing Monroe area with more new construction planned. Good cap rate of 6%. Building equipped with security system, elevators and newer HVAC system. Plenty of parking with the shared lot. Dont miss out on this building.

    • General Features
      • County Snohomish
      • Approx Building SqFt 12,435
      • Approx Office SqFt 9,547
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Selling Office Commission 2.5
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete
      • Roof Flat
      • Features Elevator
      • Heating and Cooling Forced Air
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 7194
      • Sewer Sewer Connected
      • Sewer Company Monroe
      • Energy Source Electric
      • Power Company SNO PUD
      • Number of Available Pads 0
      • Lot Square Footage 6,534
    • Financials
      • Free and Clear N
      • Vacancy Rate 0
      • Total SqFt Rented 9,547
      • Total Monthly Rent $13,447
      • Gross Rent Multiplier 10
      • Cap Rate -NOI div LP 4.79
      • Gross Scheduled Income $157,143
      • Gross Adjusted Income $157,143
      • Total Expenses $61,203
      • NOI $79,000
      • Electrical Expenses $12,791
      • Tax Expense $14,962
      • Heating Expense $8,260
      • Insurance Expense $2,753
      • Other Expenses $15,243
      • Tax Year 2018
      • Annual Assoc. Dues $0

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    Neighborhood

    98272 (Monroe) Demographics

    36Median Age
    270Population Density (per sq. mile)
    32%College Educated
    $82,025 Estimated Median Income
    6,617Estimated Total Home Owners
    2,238Estimated Total Renters
    75% / 25%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    29,539Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $524,950 Median Sales Price
    63 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: $1,650,000
        6/12/2019 8:21:00 AM New in Database Source

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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.