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Property Details for 600 S Clark Ave Republic WA 99166

MLS # : 1126320

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Property Photo MLS #: 1126320
600 S Clark Ave Republic WA 99166
Listing Number:   1126320
Listing Price:   $475,000
Type:   - Comm Bldg
Building Sq Ft:   6,748
Office Sq Ft:   2,090
Uncovered Parking:   6

Katz Realty, Inc.
509-725-1701
Courtesy:   Brown Bear Real Estate, LLC
-= Property Details =-
Commercial Type:   - Comm Bldg

Building
Features:   Disabled Access, Storage
Year Built:   1983
Effective Year Built:   1983
Effective Year Built Source:   PR
Approx. Building Sq Ft:   6,748
Approx. Office Sq Ft:   2,090
Roof:   See Remarks
Exterior:   Cement/Concrete
Foundation:   See Remarks
Floor Covering:   Vinyl, Wall to Wall Carpet

Land
Lot Size:   7,841 Sq Ft
Lot Dimensions:   rectangle
Lot Size Source:   Public Records
Lot Topography:   Level
Site Frontage:   70 Ft
Depth of Lot:   101 Ft

Utilities
Energy Source:   Electric
Power Company:   Ferry County PUD
Water Source:   Public
Water Company:   City
Sewer:   Sewer Connected
Sewer Company:   City
Heating and Cooling:   Baseboard

Parking / Loading
Total Uncovered Parking:   6
-= Unit Details =-
Description Unit 1:   ArtGallery
Type of Use Unit 1:   Office
Approx. Sq Ft Unit 1:   1025
Rent Unit 1:   $525

Description Unit 2:   HairSalon
Type of Use Unit 2:   Office/Residential
Approx. Sq Ft Unit 2:   550
Rent Unit 2:   $550

Description Unit 3:   #3
Type of Use Unit 3:   Residential
Approx. Sq Ft Unit 3:   1025
Rent Unit 3:   $600

Description Unit 4:   #5
Type of Use Unit 4:   Residential
Approx. Sq Ft Unit 4:   1100
Rent Unit 4:   $600

Description Unit 5:   #7
Type of Use Unit 5:   Residential
Approx. Sq Ft Unit 5:   1025
Lease Expiration Unit 5:   2017-11-01
Rent Unit 5:   $700

Description Unit 6:   #8Craft
Type of Use Unit 6:   Residential
Approx. Sq Ft Unit 6:   500
Lease Expiration Unit 6:   2018-06-01
Rent Unit 6:   $450
-= Financial Information =-
Income
Gross Scheduled Income:   $40,200
Gross Adjusted Income:   $17,030
Total Monthly Rent:   $3,975

Expenses
Net Operating Costs:   $23,170
Electrical Expense:   $7,097
Water/Sewer/Garbage:   $3,300
Insurance Expenses:   $2,985
Other Expenses:   $400

Computation / Other
Cap Rate (NOI / Listing Price):   5.00
Gross Rent Multiplier:   12.00
-= Location Information =-
Address:   600 S Clark Ave
City:   Republic
State:   WA
Zip Code:   99166
Latitude:   48.64755800
Longitude:   -118.73762400
Driving Directions:   Corner of Clark Ave. and 6th Street in the downtown. No signs.
-= Community Information =-
Community Name:   Republic
-= Assessor Information =-
County:   Ferry
Tax Number:   23601560701000
Lot Number:   1-3
Block Number:   7
General Zoning Classification:   Commercial
Zoning Jurisdiction:   City
Land Assessed Value:   $150,000
Improved Assessed Value:   $173,300
Total Assessed Value:   $323,300
Year Value Assessed:   2017
Tax Amount:   $3,248   Tax amount may change after sale.
Tax Year:   2017
-= Purchase Information =-
Listing Price:   $475,000
Potential Terms:   Cash Out, Owner Financing
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Negotiable, Sub. Tenant's Rights
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   No
-= MLS Listing Details =-
Listing Number:   1126320
Listing Status:   Active
Listing Office:   Brown Bear Real Estate, LLC
Co-listing Office:   Better Properties UP/Fircrest
Listing Date:   2017-05-17
Cumulative Days on Market*:   189
Original Listing Price:   $500,000
MLS Area:   465
Marketing Remarks:   Prime downtown location, multi-tenant commercial building with solid/strong long term tenant history. Great mix of retail, office and apartment tenants. Attractive building with no deferred maintenance. Each unit has separate electric service panel. Electronic access to all units. Six parking spaces. Ask for recent roof replacement information. Possible Seller finance for strong Buyer.
-= Disclaimer =-
The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.
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