1110 Griffin Avenue, Enumclaw, WA 98022
- $3,795,000
Listing courtesy of KW Mountains to Sound Realty.
- List Price
- $3,795,000
- Status
- ACTIVE
- MLS#
- 2168374
- Days on Market
- 59
- Annual Tax Ammount
- 15974
- Internet Provider
- xfinity
Property Description
In The Heart Of Enumclaw! Incredible opportunity in the thriving downtown core to own this well diversified property! Gross income is approximately $32,000 per month with room to grow. The ground floor is home to The LEE Restaurant and three more small businesses. Upper two floors consist of 39 studio apartment units. Property totals 15,000 sf which includes 3 tax parcels. Behind the building are 33 parking spaces on site, plus curbside is available on Griffin Ave & Railroad St. Heat and hot water source is via a gas fired boiler in basement. Owner terms are 30% down, 7.5% interest rate, 30 year am, 10-15 year balloon.
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Additional Information
- Community
- Central In Town
- Building Condition
- Average
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1924
- # of Assigned Spaces
- 35
- Roof
- Flat, Torch Down
- Tax Year
- 2023
- Potential Terms
- Owner Financing, See Remarks
- Interior Features
- Wall to Wall Carpet
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Driving Directions
- Traveling SE on Hwy 164 (Griffin), in the middle of town, The Lee is on your right. Traveling NW, it's on your Left. You can't miss.
- Electric Expenses
- 12000
- Other Expenses
- 18000
- Energy Source
- Electric, Natural Gas
- Buyer Agency Compensation
- 2.0
- Net Operating Income
- $288,681
- Gross Adjusted Income
- $381,000
- Gross Scheduled Income
- $381,000
- Water/Sewer/Garbage Expenses
- $37,200
- Cap Rate
- 7.6
- Total Expenses
- $92,319
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