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Property Details for 32146 Highway 97 Tonasket WA 98855

MLS # : 1359810

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Property Photo MLS #: 1359810
32146 Highway 97 Tonasket WA 98855
Listing Number:   1359810
Listing Price:   $629,000
Type:   - Mobile Home Park
Building Sq Ft:   8,474
Office Sq Ft:   990

Katz Realty, Inc.
509-725-1701
Courtesy:   Engel & Voelkers Mercer Island
-= Property Details =-
Commercial Type:   - Mobile Home Park

Building
Year Built:   1954
Approx. Building Sq Ft:   8,474
Approx. Office Sq Ft:   990
Roof:   Composition, Flat
Exterior:   Brick, Wood
Foundation:   Poured Concrete
Floor Covering:   Hardwood, Vinyl, Wall to Wall Carpet

Land
Lot Size:   4.06 Acres
Lot Dimensions:   5.83ac/253,955 sq ft
Lot Size Source:   Realist
Lot Topography:   Level
Site Frontage:   439 Ft
Depth of Lot:   675 Ft

Utilities
Energy Source:   Electric, Pellet
Power Company:   Okanogan County PUD
Water Source:   Individual Well, Private
Sewer:   Septic
Heating and Cooling:   Baseboard, Wall
-= Unit Details =-
Total Sq Ft Rented:   4,904
Description Unit 1:   #2
Approx. Sq Ft Unit 1:   370
Rent Unit 1:   $475

Description Unit 2:   #11
Approx. Sq Ft Unit 2:   480
Rent Unit 2:   $475

Description Unit 3:   #14
Approx. Sq Ft Unit 3:   612
Rent Unit 3:   $475

Description Unit 4:   Duplex A/B
Approx. Sq Ft Unit 4:   1360
Rent Unit 4:   $925

Description Unit 5:   12 Mobile Home Pads
Rent Unit 5:   $3,720

Description Unit 6:   2 Story House
Approx. Sq Ft Unit 6:   2082
Rent Unit 6:   $800
-= Financial Information =-
Income
Gross Scheduled Income:   $93,240
Total Monthly Rent:   $6,870

Expenses
Net Operating Costs:   $64,152
Electrical Expense:   $2,520
Water/Sewer/Garbage:   $4,368
Other Expenses:   $17,377
Total Expenses:   $29,088
Total Expenses:   $29,088

Computation / Other
Cap Rate (NOI / Listing Price):   10.00
Gross Rent Multiplier:   7.00
-= Location Information =-
Address:   32146 Highway 97
City:   Tonasket
State:   WA
Zip Code:   98855
Latitude:   48.81054900
Longitude:   -119.40047400
Driving Directions:   From the South - continue N through Tonasket on HWY 97 to Ellisforde (approx. 6mi N of Tonsaket) Property is on the right side of the HWY From North - approx. 11mi S of Oroville on left side of HWY
-= Community Information =-
Community Name:   Ellisforde
-= Assessor Information =-
County:   Okanogan
Tax Number:   3827140082
General Zoning Classification:   Commercial
Zoning Jurisdiction:   County
Land Assessed Value:   $39,700
Improved Assessed Value:   $345,300
Total Assessed Value:   $386,500
Year Value Assessed:   2017
Tax Amount:   $4,823   Tax amount may change after sale.
Tax Year:   2017
-= Purchase Information =-
Listing Price:   $629,000
Potential Terms:   Cash Out, Conventional
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Closing
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   Yes
-= MLS Listing Details =-
Listing Number:   1359810
Listing Status:   Active
Listing Office:   Engel & Voelkers Mercer Island
Co-listing Office:   Engel & Voelkers Seattle
Listing Date:   2018-09-10
Cumulative Days on Market*:   12
MLS Area:   620
Marketing Remarks:   Opportunity to purchase an income producing property. The current use is a mobile home park consisting of 2 parcels totaling 5.83 acres w/ 15 mobile home sites, Duplex, House, usable/rentable Office Space w/ hwy frontage, 17 storage units and there is land to expand. The 2 story home could be rented as well. Approx. $25k+ spent on substantial improvements to the property in the past year, major Well/Septic upgrades along with topping of mature trees. Please see Additional Documents for more
-= 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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