9414 357th Street S, Roy, WA 98558
- $2,750,000
Listing courtesy of COMPASS.
- List Price
- $2,750,000
- Status
- PENDING
- MLS#
- 2341290
- Days on Market
- 206
- Annual Tax Ammount
- 14347.58
Property Description
Discover a prime investment in Roy with this versatile 24,568 SF campus currently functioning as a transitional housing facility. Generating a remarkable $228,268 NOI at current occupancy, this property delivers strong returns & holds substantial upside for increased profitability at full capacity. With opportunities for expansion or repurposing, the property is positioned for future growth. Unoccupied wings offer addl income streams, presenting a compelling opportunity for future development. Whether you decide to continue its current use or capitalize on new opportunities, this property provides outstanding return potential & a strong foundation for long-term growth. Rarely does a property with this scale & flexibility become available!
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Additional Information
- Community
- Roy
- Building Condition
- Fair
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1930
- Waterfront
- Yes
- Waterfront Description
- River
- Roof
- Composition
- Tax Year
- 2024
- Potential Terms
- See Remarks
- Flooring
- Vinyl
- Driving Directions
- From WA-507, turn right onto 357th St S - property will be on the left
- Electric Expenses
- 26296
- Other Expenses
- 29243
- Energy Source
- Electric
- Net Operating Income
- $228,268
- Gross Adjusted Income
- $353,164
- Gross Scheduled Income
- $884,400
- Water/Sewer/Garbage Expenses
- $9,243
- Cap Rate
- 8.3
- Vacancy Rate
- 50
- Total Expenses
- $124,896
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.