703 W Stanley St $479,990

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    703 W Stanley St Granite Falls, WA 98252

    • 0 Beds
    • 0 Baths
    • 2,400 sq.ft.
    • Multi-Family
    Listing# 1402800 | Active

    $479,990

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    Days On Market: 246 0 Views
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    Property Details

    Apartment and restaurant building with 6.54% CAP. This is a great opportunity to own a high performing building with stable tenants. Subway has leased the bottom portion since 2002. Very stable income with no vacancy during the current ownership. This building has huge future potential as Granite Falls continues to grow with hundreds of housing starts scheduled. Selling at a significant discount to its $628,732 value at a 5% cap rate. You better snatch this up before someone else does. New Roof

    • General Features
      • County Snohomish
      • Style 52-Duplex
      • Number of Stories 2
      • Number of Units 0
      • Year Built 1996
      • Lot Details Paved Street
      • Lot Square Footage 8,276
      • County Snohomish
    • Building Features
      • Approx SqFt 2,400
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $3,149
      • Net Operating Income $31,436
      • Gross Scheduled Income $37,551
      • Gross Adjusted Income $31,436
      • Total Expenses $6,115
      • Other Expenses $1,500
      • Insurance Expenses $960
      • Expenses $6,115
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 15
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $3,655
      • Energy Source Electric
      • Heating and Cooling Forced Air
      • Sewer Company Sewer Connected
    • Schools
      • School District Granite Falls

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    Neighborhood

    98252 (Granite Falls) Demographics

    42Median Age
    35Population Density (per sq. mile)
    26%College Educated
    $72,721 Estimated Median Income
    2,716Estimated Total Home Owners
    915Estimated Total Renters
    75% / 25%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    9,459Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $384,475 Median Sales Price
    24 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: $479,990
        7/15/2019 3:01:24 PM Price Reduced Source New Value: $479,990 -1.03%
        5/23/2019 2:51:19 PM Status Changed Source New Value: Active
        4/18/2019 6:11:01 PM Status Changed Source New Value: Pending Feasibility
        4/17/2019 10:21:24 AM Price Reduced Source New Value: $484,990 -0.92%
        1/18/2019 6:02:00 PM New in Database Source New Value: $489,500

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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.