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.