21619 Old Hwy 99 SW $449,000

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    21619 Old Hwy 99 SW Centralia, WA 98531

    • 8.96 Acres
    • Commercial/Industrial
    Listing# 1409736 | Active

    $449,000

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    Days On Market: 221 30 Views
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    Property Details

    HUGE PRICE REDUCTION! Great Investment Opportunity, 9 unit manufactured home park on approx. 9+/- acres, plus 8 storage units! Exceptional old hwy 99 exposure, just south of Grand Mound. There is an additional unit space with septic installed for a total of 10 manufactured home units. Several of the homes have had long term tenants and rents reflect that. They are in need of varying degrees of renovations. Huge upside investment potential here.

    • General Features
      • County Thurston
      • Zoning Class See Remarks
      • Zoning Jurisdiction County
      • Style 72-Mobile Home Park
      • Approx Building SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Exterior See Remarks
      • Foundation See Remarks
      • Roof See Remarks
      • Floor Covering See Remarks
      • Heating and Cooling Wall
    • Property Features
      • Lot Square Footage 390,298
      • Depth of Lot 0
      • Site Frontage 0
      • Expansion Area Y
      • Water-Sewer-Garbage 0
      • Sewer Septic
      • Sewer Company Septics
      • Energy Source Electric, See Remarks
      • Power Company PSE
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 0
      • Total Monthly Rent $4,350
      • Gross Rent Multiplier 13
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $52,200
      • Gross Adjusted Income $49,590
      • Total Expenses $0
      • NOI $41,811
      • Electrical Expenses $0
      • Tax Expense $7,279
      • Heating Expense $0
      • Insurance Expense $0
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2019

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    Neighborhood

    98531 (Centralia) Demographics

    36Median Age
    185Population Density (per sq. mile)
    27%College Educated
    $41,745 Estimated Median Income
    5,640Estimated Total Home Owners
    4,009Estimated Total Renters
    58% / 42%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    25,297Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $277,500 Median Sales Price
    36 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: $449,000
        8/29/2019 1:33:50 PM Status Changed Source New Value: Active
        8/14/2019 2:41:18 PM Status Changed Source New Value: Pending
        8/5/2019 6:11:16 PM Price Reduced Source New Value: $449,000 -10.19%
        6/18/2019 5:21:14 PM Price Reduced Source New Value: $499,950 -15.26%
        5/20/2019 9:31:11 AM Price Reduced Source New Value: $590,000 -14.49%
        4/23/2019 9:31:11 AM Status Changed Source New Value: Active
        2/11/2019 8:01:00 AM New in Database Source New Value: $690,000

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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.