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808 S Main St, Sultan, WA 98294

$987,000
Last sold 02/07/2024 for $975K
—
bed
—
bath

House not for sale

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About 808 S Main St

Property type House

Neighborhood

Year built 1982

HOA fee $0/month

Lot size 7,405 Sqft

Movoto estimate

Property description

Fantastic Investment opportunity 6 units apartment building on Highway 2 in Downtown Sultan. Each unit offers 1 bedroom, 1 bath and kitchen, some units have been renovated with washer/dryer in the Unit. Two units need to be updated. The building exterior was painted last year. On site and off street parking. The property is a commercial zone, whether you want to leave as is, develop, or operate as an Airbnb, this property offers endless investment opportunities in the fastest growing city in the Snohomish County. Don't miss out on this amazing opportunity. Buyer to verify all information

Listed by

Listing Agent - Johnny Phan

Listing Office - Skyline Properties, Inc.

Source: NWMLS

MLS#2142262 • last updated 1 year ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Multi Family
MLS #	2142262
SubType	Multi-Family
Type	Residential Income
Status	Sold
Lot Size (SqFt)	7405
Lot Size (Acres)	0.17
Property Tax	4900
Year Built	1982
Buying Office Phone	206-322-5700
Condition	Good

Interior

Exterior
Foundation	Slab
Roof	Composition
# Open Parking Spaces	7
# Parking Spaces	7
# Uncovered Spaces	7
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric

Location
View	Territorial
County	Snohomish
Subdivision	Sultan
Area	750 - East Snohomish County
Elementary School	Sultan Elem
Middle School	Sultan Mid
High School District	Sultan
High School	Sultan Snr High
APN	479100200500
Zoning	Commercial, Multi-Family

Multifamily Details
Net Operating Income	67728
Capitalization Rate	5
Expense: Insurance	2500
Gross Scheduled Income	98928
Gross Adjusted Income	53128
Total Expenses	14600
Gross Rent Multiplier	1365
Nwm_Totalmonthlyincome	5750
Vacancy Rate	5

Lot/ Land Details
Site Features	Cable TV, Deck

$987K

Range: $700K-$1.27M

Last 30 days

Lower your payment with the loan terms that fit you.

Feb 2024
Public Records
Feb 7, 2024 Sold
$975,000
Feb 2024
MLS # 2142262
Feb 7, 2024 Sold
$975,000 (-11.4%)
Sep 28, 2023 Pending
—
Sep 26, 2023 Price Change
$1,100,000 (-18.5%)
Jul 21, 2023 Listed
$1,350,000

808 S Main St
$975K
750 - East Snohomish County
—
98294
$579K -1% y/y
Sultan
$579K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
806 Main St, Sultan, WA 98294	$487,000	3/2	1,368	0.02
805 Main St, Sultan, WA 98294	$604,000	3/2	1,870	0.04
31503 Us 2, Sultan, WA 98294	$422,000	3/1	878	0.04
801 Main St, Sultan, WA 98294	$804,000	3/2	2,330	0.06
31622 Us 2, Sultan, WA 98294	$280,000	3/1	550	0.06
104 8th St, Sultan, WA 98294	$386,000	2/1	1,056	0.06
250 Elm Ct, Sultan, WA 98294	$551,000	3/3	1,106	0.06
807 Dyer Rd, Sultan, WA 98294	$444,000	2/2	1,008	0.07

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