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INCOME PROPERTY: Great overall investment with a 6% capitalization rate with long term, 10 year lease in place. $10,000 monthly income on a single tenant gross lease. Landlord pays Taxes and insurance, tenant pays all utilities. Long term, well respected Produce stand with over 14,800 sq. feet of NC155 (M) zoned property. Great investment property with fixed constant monthly income. True 6% capitalization rate.
- Neighborhood
- Type
- CountyKing
- Area385 - SODO/Beacon Hill
- Tax Amount$20,412
- StatusActive
- Listing #2251004
- Built1960
- Lot Size0.34
- Listed on site349 days
Listed by:
Berkshire Hathaway HS NW
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-06-01 12:56:49. DMCA
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Property details
Community Features
- No HOA
- No Adult Community
Exterior features
- No Pool
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Dec 20, 2024 | 5 mos ago | Price decreased165,050 (9%) | $1,599,950 |
| Jun 17, 2024 | 12 mos ago | New on market | $1,765,000 |
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