Listing provided by NWMLS, courtesy of Coldwell Banker Voetberg RE

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MLS# 1535284
Built 1957
0.99 acres
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    Description:   Opportunity knocks! Home with income producing storage business. Storage rents are below market and home is not being rented. Potential improvements to bottom line include renting the home for $1100, raising storage rates to market level, acquiring more boat/RV storage tenants to fill empty spaces, & converting 34x36 barn to additional storage units. Utilities will be far less when home is rented. Onsite manager currently occupying home.


    Approx. Sq Ft: 0 ft²
    Approx. Office Sq Ft: 0 ft²
    Approx. Whse/Mfg Sq Ft: 0 ft²
    Approx. Building Sq Ft: 1,680 ft²
    Energy Source: Electric, Propane
    Heating and Cooling: Heat Pump
    Floor Covering: Concrete, Vinyl, Wall to Wall Carpet


    Sewer: Sewer Connected


    City: Chehalis
    State: WA
    Zip Code: 98532
    Area: 430
    County: Lewis
    Latitude: 46.61607000
    Longitude: -122.88884100


    Year Built: 1957
    Foundation: Concrete Block, Poured Concrete, Slab
    Roof: Composition, Metal
    Exterior: Metal/Vinyl, Wood Products
    Power Service in AMPS: 0


    Depth of Lot: 0
    Lot Sq Ft: 43,124 ft²


    Community Name: Newaukum
    Number of Available Pads: 0
    General Zoning Classification: Commercial, See Remarks
    Zoning Jurisdiction: City
    Site Frontage: 197


    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $2,564
    Electrical Expenses: 1806
    Total Expenses: 7603
    Tax Year: 2019
    Gross Scheduled Income: 48060
    Vacancy Rate: 5
    Gross Adjusted Income: 45657
    Total Expenses: 7603
    Net Operating Costs: 38054
    Cap Rate -NOI div LP: 9.10

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    Listing provided by NWMLS, courtesy of Coldwell Banker Voetberg RE