1062 State Avenue, Marysville, WA 98270
- $1,197,000
Listing courtesy of The Preview Group.
- List Price
- $1,197,000
- Status
- ACTIVE
- MLS#
- 2149415
- Days on Market
- 198
- Annual Tax Ammount
- 5575
Property Description
Wonderful investment opportunity with 6% Cap Rate for offsite investor, or owner occupied in the large 3900 sq ft main building, which is now vacant. Many recent building upgrades to the main building, including new roof, new electrical, new plumbing, new mechanical, and remodeled interior. The property has off street parking. There are 4 income producers here, with one large retail space, 2 smaller retail spaces (both currently rented by pet groomer), and billboard.
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Additional Information
- Community
- Downtown
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1960
- Roof
- Flat
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional, Lease Purchase
- Driving Directions
- From I 5 exit onto 4th Street, east to State Avenue, North 6 blocks to property
- Energy Source
- Electric, Natural Gas
- Buyer Agency Compensation
- 2.5
- Net Operating Income
- $71,525
- Gross Adjusted Income
- $81,300
- Gross Scheduled Income
- $81,300
- Water/Sewer/Garbage Expenses
- $1,200
- Cap Rate
- 6
- Total Expenses
- $9,775
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