4220 - 4240 McKinley Avenue, Carnation, WA 98014
- $3,450,000
- 9,408
- SqFt
Listing courtesy of COMPASS.
- List Price
- $3,450,000
- Status
- ACTIVE
- MLS#
- 2045960
- Days on Market
- 10
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 9,408
- Area Total SqFt
- 9408
- Annual Tax Ammount
- 17370
- Lot Size (sq ft)
- 32,670
- Sewer
- Sewer Connected
Property Description
Excellent and rare opportunity to own income earning multiplex(es) in growing community of Carnation. Three 4-plexes side by side. Seller prefers to sell all 3 together. Great ROI and room for growth. Long term tenants, stable community. Units have been updated as vacancies have come up. Low vacancies, typically a waiting list for vacancies. New roof installed in 2020, New exterior paint in 2021. Updated electrical. Plus coin- op laundry for additional income. Please do not disturb tenants. 3 tax parcels
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Additional Information
- List Date
- 2023-03-17 18:41:09
- Community
- Downtown Carnation
- Net Operating Income
- $155,010
- Gross Adjusted Income
- $227,890
- Gross Scheduled Income
- $227,890
- Total Monthly Income
- $18,795
- Insurance Expenses
- $6,000
- Water/Sewer/Garbage Expenses
- $31,560
- Gross Rent Multiplier
- 15.1
- Total Expenses
- $72,880
- Cap Rate
- 4.5
- Total Number of Units
- 12
- Unit Name
- 4220 - 4240
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1983
- Roof
- Composition
- Electric Expenses
- 5950
- Other Expenses
- 12000
- Energy Source
- Electric
- School District
- Riverview
- Total Monthly Income
- $18,795
- Gross Scheduled Income
- $227,890
- Gross Adjusted Income
- $227,890
- Tax Year
- 2023
- Insurance Expense
- $6,000
- W/S/G Expenses
- $31,560
- Total Expenses
- $72,880
- Net Operating Income
- $155,010
- Gross Rent Multiplier
- 15.1
- Cap Rate
- 4.5
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