9414 357th St - Apartments FOR SALE


Roy, WA 98580
$2,750,000 USD
425-466-7876
9414 357th St, Roy, WA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/6
null | 8.3% Cap Rate

9414 357th St
Roy, WA 98580


HIGHLIGHTS

  • Expansive facility: The building spans 24,568 square feet on a 1.11-acre lot, providing ample space for various uses.
  • Strategic Location: Situated near bus stops, restaurants, and shops, the property ensures convenience for residents and staff alike.
  • Waterfront Setting: A river runs alongside the property, offering a tranquil environment that can be a unique selling point for potential occupants. ?
  • Established Operations: With existing systems and a dedicated management team, the facility is primed for continued operation or expansion.
  • Financial Upside: At current 78% occupancy rate, the property has significant potential for increased profitability.
  • Zoning Versatility: Zoned for commercial, industrial-light, multi-family, and residential purposes, the property allows for various development or rep

OVERVIEW

Discover an incredible investment opportunity in Roy with this versatile commercial property, currently operating as a transitional housing facility. Boasting 78% occupancy and exceptional return potential, this property is primed for success with systems and a dedicated management team already in place. With the right vision, there's immense potential to expand or repurpose the facility, though zoning must remain the same. The property offers tranquility with a river flowing alongside, while being conveniently located near bus stops, restaurants, and shops. Unoccupied wings offer additional income streams, and grants could be leveraged for future use, presenting incredible opportunities for growth and innovation.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

79

PRICE/UNIT

$34,810

CAP RATE

8.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

RAC

APN/PARCEL ID

021728-2038,021728-2063,021728-2078

ASK ABOUT THIS PROPERTY

Marius IonCompass WashingtonMore Info
425-466-7876

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Marius IonCompass WashingtonMore Info
425-466-7876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.