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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:   $450,000
Type:   - Comm Bldg
Building Sq Ft:   6,748
Office Sq Ft:   2,090
Uncovered Parking:   6

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

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

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

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 =-
Gross Scheduled Income:   $40,200
Gross Adjusted Income:   $17,030
Total Monthly Rent:   $3,975

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:   $450,000
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*:   645
Original Listing Price:   $500,000
MLS Area:   465
Virtual Tour URL:   https://www.youtube.com/watch?v=4QXjDEpreM8&feature=youtu.be
Marketing Remarks:   Investors, marvel the high cap rates available in Eastern Washington! Enjoy the outdoorsy lifestyle and beauty of Republic Washington, located on the Main Street which is also State Route 20. Live/work space or strict investment property, high visibility, mixed use commercial and residential building not normally available. Very low tenant turnover, this building is immaculately maintained and prominent in Republic.
-= 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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