402 N Tower Avenue, Centralia, WA 98531
- $1,470,304
Listing courtesy of On Point Real Estate.
- List Price
- $1,470,304
- Status
- ACTIVE
- MLS#
- 2558267
- Days on Market
- 3
- Annual Tax Ammount
- 4562
Property Description
This is an irreplacable and beautiful historic building in downtown Centralia. Like Port Townsend and Pioneer Square, these classic buildings will not be repeated. This building had a complete interior gut job in 2005-2006: all new wiring, all new supply line plumbing, new wall finishes, all new kitchens, new baths, new flooring, new heat system, all done to code. Outside of the building had brick tuck pointing, new store front windows and all new roofing in 2026. This is not a fixer, this is a keeper. You get 5.3% return on investment, depreciaion write-off and real estate appreaciation. Possible owner financing with acceptable terms. This is a gemstone quality asset to hold in your long-term portfolio.
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Additional Information
- Community
- Centralia
- Building Condition
- Good
- Style
- 75 - Retail
- Year Built
- 1920
- Roof
- Built-Up
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional, Owner Will Carry, See Remarks
- Flooring
- Concrete, Vinyl, Carpet
- Driving Directions
- Northerly on Tower to address on right.
- Energy Source
- Electric
- Net Operating Income
- $77,928
- Gross Adjusted Income
- $97,725
- Gross Scheduled Income
- $97,725
- Water/Sewer/Garbage Expenses
- $8,611
- Cap Rate
- 5
- Total Expenses
- $19,797
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.