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$649,000   Price Analysis
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1320 3rd St
Cosmopolis, WA 98537
Unknown bed None bath unknown SqFt ($0/SqFt)
0.26 acre lot. Built 1919
Listed 2024-06-08, Taxes $2,841
USDA Eligible
near Artic, WA
 

Investors!!!!

* No Longer For Sale *
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9 units consisting of 5 one bedroom units and 4 studio units, plus storage un its and 4 garage spaces! This property has room for cash flow increases with some updating to units.

One 1-bedroom unit is currently vacant. Coin-op laundry onsite. Financials to be provided to well-qualified buyer. Seller may carry a 5 year contract wth substantial down.


Presented by Karla Johnson at
Hidden Coast Homes.
Listing Agent Photo

Property MLS #2249299 from NWMLS

Wall to Wall Carpet
Flooring: Vinyl, Vinyl Plank, Wall to Wall Carpet

Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes

Wood
Wood Products

Covered Spaces: 4
Parking Total: 4

Lot Description: Paved Street, Sidewalk
Lot Size Acres: 0.2645
Lot Size Square Feet: 11520

View: Territorial

Coin Op Laundry

Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Cosmopolis
Middle School: Buyer To Verify

Cosmopolis Elementary School is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

St Mary School is a private elementary and middle school located approximately 2.9 miles away.
directions icon Map directions

Gross Scheduled Income: 103920
Leasable Area: 7200
Leasable Area Units: Square Feet

Number of Units: 13
Unit Features: Unit 10 UnitDescription: G1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit-8 Description: 8
Unit-9 Description: 9
Unit-10 Description: G1
Unit 1 Total Actual Rent: 35
Unit 2 Total Actual Rent: 1100
Unit 3 Total Actual Rent: 825
Unit 4 Total Actual Rent: 925
Unit 5 Total Actual Rent: 1150
Unit 6 Total Actual Rent: 900
Unit 7 Total Actual Rent: 950
Unit 8 Total Actual Rent: 775
Unit 9 Total Actual Rent: 775
Unit 10 Total Actual Rent: 35

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 3020
Source Listing Status: Sold
Country Region: US
County: Grays Harbor
Cap Rate: 9.9
Directions: From 1st Street, turn R on D Street, R on 3rd Street, building on R side of street
Tax Year: 2024
Other Expense: 6087
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 2400
Area: 202 - Cosmopolis
List Development Name: Cosmopolis
Source Neighborhood: Cosmopolis
Parcel Number: 031004800300
Street Suffix Modifier: Street
Subdivision: Cosmopolis
Zoning: MultiFamily
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$253,952 + $35,000
$288,952
$2,841
2022$222,852 + $40,000
$262,852
$3,169
2021$222,852 + $40,000
$262,852
$3,375
2020$222,852 + $40,000
$262,852
$3,156
2019$195,549 + $40,000
$235,549
$2,636
2017$184,480 + $40,000
$224,480
$3,357
2017$184,480 + $40,000
$224,480
$3,357
2016$189,910 + $40,000
$229,910
$3,453
2015$185,000 + $40,000
$225,000
$3,252
2014$185,000 + $40,000
$225,000
$3,001
2013$185,000 + $40,000
$225,000
$2,657
2012$185,000 + $40,000
$225,000
$3,012
2011$185,000 + $40,000
$225,000
$2,880
2010$205,000 + $30,000
$235,000
$3,258
2009$205,000 + $30,000
$235,000
$3,286
2008$205,000 + $30,000
$235,000
$3,207

Sold 2024-07-11
$649,000
NWMLS
Listed 2024-06-08
$649,000
NWMLS
Listing removed 2022-04-04
$0
NWMLS
Listed 2022-02-03
$699,000
NWMLS
Listing removed 2015-10-07
$224,900
NWMLS
Listing removed 2013-09-19
$425
NWMLS
Listed for rent 2013-09-04
$425
NWMLS
Listing removed 2012-05-10
$229,000
NWMLS
Relisted 2011-11-10
$229,000
NWMLS
Listing removed 2011-11-06
$229,000
NWMLS
Listed 2011-05-06
$229,000
NWMLS
Listing removed 2011-04-01
$249,900
NWMLS
Listed 2011-01-31
$249,900
NWMLS
Sold 2006-04-27
$235,900
Public Record
Listed 2006-01-25
$224,900
NWMLS
Sold 2002-09-16
$409,613
Public Record

Net Operating Income: 64603
Operating Expense: 28925

Electric Expense: 3532
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

Building Area Units: Square Feet
Foundation Details: Post & Block
Living Area Units: Square Feet
Property Age: 105
Roof: Composition, Flat
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.