440 Main Ave S, North Bend, WA 98045

$4,475,000
16,855
SqFt

Listing courtesy of Coldwell Banker Koetje R.E..

List Price
$4,475,000
Status
ACTIVE
MLS#
1228834
Days on Market
113
Style
56 - 10+ Units
Building Condition
Very Good
Finished SqFt
16,855
Lot Size (sq ft)
34,856

Property Description

Cascade Park is a 28 unit senior housing complex in a beautiful community setting. This 2-story elevator serviced garden style apartment building has 27 1bedrm/1bath and 1 2bedrm/1bath units. Amenities include a lobby, an office, community rooms, common bathroom, maintenance rooms, tenant storage room, coin-op laundry, nice landscaping, and a large paved parking lot. Building meticulously maintained by the owners. Easy access to employment centers, shopping, and restaurants in North Bend.

Additional Information

List Date
2017-12-29 00:00:00
Community
North Fall City
Property Type
MULT
Units
28
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1987
Total Parking
29
Uncovered Parking
29
Exterior
Metal/Vinyl
Roof
Composition
Site Features
Cable TV, Disabled Access, High Speed Internet
Lot Details
Corner Lot, Paved Street, Sidewalk
School District
Snoqualmie Valley
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$19,887
Gross Scheduled Income
$234,648
Vacancy Rate
1
Gross Adjusted Income
$236,423
Annual Taxes
$15,911
Tax Year
2017
Insurance Expense
$5,381
W/S/G Expenses
$35,912
Total Expenses
$187,928
Net Operating Income
$32,018
Gross Rent Multiplier
19
Cap Rate
1

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
740
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
597
Unit 2 Rent
$695
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
597
Unit 3 Rent
$695
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
597
Unit 4 Rent
$705
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
597
Unit 5 Rent
$880
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
597
Unit 6 Rent
$705

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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