Hillview Terrace Apartments
522 N Iron Centralia WA 98531
Listing #: 595260 | Status: Sold | Closing Date: 04/16/2018 | Last Modified: 4/16/2018 |
For Sale
522 N Iron Centralia WA 98531

Call Listing Agent | No |
Use Discretion | No |

Patrick Suarez
(206) 325-9300
pat@urbanseattle.com
Listing Price | $ 1,800,000 |
$/SF | $ 76.14 |
$/Unit | $ 48,648.65 |
Listing Status | Sold |
Days On Market | 39 |
Asset Class | Multi-Family |
Actual Sold Price | $ 1,800,000 |
$/SF | $ 76.14 |
Closing Date | 04/16/2018 |
Selling Broker | Patrick Suarez |
Investment Prop | Yes |
1031 Exchange | Yes |
Gross Income | $ 300,001 |
Vacancy Factor % | 4.00% |
Operating Expenses | $ 161,458 |
Net Operating Income | $ 126,542 |
CAP Rate | 7.03 % |
GRM | 6.86 |
Expense Year | 2017 |
Real Estate Taxes | $ 10,000 |
+Insurance | $ 6,830 |
+Water/Sewer | $ 54,975 |
+Prof. Mgr | $ 11,506 |
+Res. Mgr | $ 18,498 |
+Maintenance | $ 51,611 |
+Other Expenses | $ 8,038 |
=Total Exp. | $ 161,458 |
Gross Sch Rents | $ 262,368.00 |
Vacancy % | 4.00% |
+Laundry Income | $ 6,000 |
+Other Income | $ 31,633 |
=Effective Gross | $ 300,001 |
-Total Expenses | $ 161,458 |
=NOI | $ 138,543 |
CAP Rate | 7.03 % |
GRM | $ 6.86 |
$/Unit | $ 48,648.65 |
Expense/Unit | $ 4,363.73 |
# Units | Beds/Baths | Avg SqFT |
---|
15 | Studio | 325 |
16 | 1Bed/1Bath | 437 |
4 | 2Bed/1Bath | 682 |
2 | 3Bed/2Bath | 655 |
Building Status | Existing |
# of Buildings | 1 |
# of Floors | 3 |
# of Units | 37 |
Total Building Sq/ft | 23,641 |
Net Rentable Area | 23,641 |
Lot Sq/ft | 29,621 |
Acres | 0.68 |
Property Type | Multi-Family |
Investment | Yes |
County | Lewis |
Market Area | Centralia |
Tax ID # | 003459001000 |
Year Built | 1926 |
Construction Type | Concrete |
Public Comments: We are pleased to present the Hillview Terrace Apartments, ideally located close to Downtown Centralia. 37 Residential Units and on-site leasing office. New Roof in 2017, updated dual paned windows and recently sealed parking lot. Professionally managed and maintained.