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319 E Park St, North Bend, WA 98045

$724,700

Last sold 10/08/2015 after 106 Days

—
bed
—
bath
4,896
Sqft ($148/Sqft)

House not for sale

About 319 E Park St

Property type House

Neighborhood

Year built 1986

HOA fee $0/month

Lot size 9,800 Sqft

Property description

This newly-painted and well-maintained five unit apartment building with a non-conforming 6th unit downtown offers an excellent investment opportunity in the current landlord's market. Each unit has 2 bed/1 bath with units renting under market. Rental rates for 3 units will increase 01/2016! The coin operated laundry facilities generate additional income. As North Bend grows and demand continues to increase for rentals due to the housing market, it's a great time to own an apartment building!

Listed by

Listing Agent - David Cook

Listing Office - Cook Real Estate

Source: NWMLS

MLS#809721 • last updated 2 years ago

Movoto checked NWMLS for data 17 minutes ago

Overview
Levels/Style	Multi Family
MLS #	809721
SubType	Multi-Family
Type	Residential Income
SqFt	4896
Status	Sold
Lot Size (SqFt)	9800
Lot Size (Acres)	0.225
Property Tax	7004
Buying Office	Homesmart Ion Realty Group
Year Built	1986
Buying Office Phone	425-967-7175
HOA Fee	Annually, 0
Condition	Very Good

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Composition
Construction	Standard Frame
# Open Parking Spaces	8
# Parking Spaces	8
# Uncovered Spaces	8

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, City Of North Bend
Water	Public
Water Company	City Of North Bend
Power Company	Puget Sound Energy
Power Production: Type	Electric
Security Features	FullyFenced
HOA Amenities	Coin Op Laundry, Storage, Thermal Windows

Location
County	King
Subdivision	North Bend
Area	_540EastOfLakeSam
Elementary School	North Bend Elem
Middle School	Twin Falls Mid
High School District	Snoqualmie Valley
High School	Mount Si High
APN	3734900080
Directions	East I-90 Take Exit 31 And Traverse Roundabout To Go North On SR-202 (Bendigo Blvd.) Turn Right Onto East Park Street. Building On Right Side Past Mt. Si Village Shopping Center.
Zoning	Business, Commercial, Multi-Family, Office, Residential, Retail

Multifamily Details
Net Operating Income	53112
Capitalization Rate	7.04
Expense: Insurance	1968
Expense: Electricity	2400
Gross Scheduled Income	75550
Expense: Other	1000
Gross Adjusted Income	73284
Total Expenses	20172
Gross Rent Multiplier	10
Nwm_Totalmonthlyincome	6296
Vacancy Rate	3

Lot/ Land Details
Site Features	Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio

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Oct 2015
Public Records
Oct 8, 2015 Sold
$724,700
Oct 2015
MLS # 809721
Oct 8, 2015 Sold
$724,700 (-4.0%)
Jul 16, 2015 Pending
—
Jun 24, 2015 Listed
$754,900
Jun 23, 2015 Listed
$754,900 (+54.1%)
Nov 2013
Public Records
Nov 13, 2013 Sold
$490,000
Nov 2013
MLS # 539578
Nov 13, 2013 Sold
$490,000 (-10.9%)
Sep 4, 2013 Listed
$549,900

Year Property taxes Tax assessment
2024
$13,076 +7.4%

$1,412,000 -0.28%
2023
$12,171 -7.0%

$1,416,000 +17.02%
2022
$13,083 -9.4%

$1,210,000 -0.17%
2021
$14,447

$1,212,000

319 E Park St
$724K
_540eastoflakesam
—
98045
$839K -6% y/y
North Bend
$844K -6% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
323 E Park St, North Bend, WA 98045	$901,000	4/1	1,520	0.01
303 E Park St, North Bend, WA 98045	$955,000	3/1	1,790	0.03
312 E Park St, North Bend, WA 98045	$1,009,000	3/1	1,810	0.04
304 E Park St, North Bend, WA 98045	$832,000	2/1	1,190	0.04
226 Ballarat Ave S, North Bend, WA 98045	$835,000	4/1	1,760	0.06
214 E Park St, North Bend, WA 98045	$861,000	3/1	1,250	0.07
201 E Park St, North Bend, WA 98045	$746,000	1/1	890	0.08
321 Se Orchard Dr, North Bend, WA 98045	$994,000	2/1	—	0.11

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.