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9414 357th St 79 Unit Apartment Building $2,750,000 ($34,810/Unit) 8.30% Cap Rate Roy, WA 98580
INVESTMENT HIGHLIGHTS
- Expansive facility: The building spans 24,568 square feet on a 1.11-acre lot, providing ample space for various uses.
- Waterfront Setting: A river runs alongside the property, offering a tranquil environment that can be a unique selling point for potential occupants. ?
- Financial Upside: At current 78% occupancy rate, the property has significant potential for increased profitability.
- Strategic Location: Situated near bus stops, restaurants, and shops, the property ensures convenience for residents and staff alike.
- Established Operations: With existing systems and a dedicated management team, the facility is primed for continued operation or expansion.
- Zoning Versatility: Zoned for commercial, industrial-light, multi-family, and residential purposes, the property allows for various development or rep
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Operating and Financials
- Title and Insurance
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
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PROPERTY TAXES
| Parcel Number | 021728-2038 | Improvements Assessment | $539,700 (2025) |
| Land Assessment | $248,600 (2025) | Total Assessment | $788,300 (2025) |
PROPERTY TAXES
Parcel Number
021728-2038
Land Assessment
$248,600 (2025)
Improvements Assessment
$539,700 (2025)
Total Assessment
$788,300 (2025)
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9414 357th St
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