Mixed use site, old downtown Sultan next to parks. Legal 2 separate units/meters. Home/office & warehouse/shop. Perfect for owner occupant as small business, workshop, retail or artists studio. Rare find & great future investment! Units have rented to give $30K year gross income at over 10% CAP Rate! Surrounded by parks & greenbelt, located in center of annual Sultan Shindig. New foot bridge over river being built at adjoining River Park. Great exposure & easy access from HWY-2. Poss. owner DOT.

• General Features
  • County Snohomish
  • Approx Building SqFt 2,110
  • Approx Office SqFt 950
  • Approx Whse/Mfg SqFt 1,160
  • Zoning Class Commercial
  • Lot Dimensions 32.66 x 120
  • Selling Office Commission 4
  • Style 60-Comm Bldg Und 10K
  • Total Covered Parking 0
  • Total Uncovered Parking 5
  • Zoning Jurisdiction City
• Building Features
  • Exterior Cement/Concrete, Wood
  • Foundation Post and Pillar
  • Roof Composition
  • Floor Covering Ceramic Tile, See Remarks, Vinyl
  • Heating and Cooling Stove/Free Standing, Wall
  • Ceiling Height 15
  • Loading 1-3 Bays, Dock High
• Property Features
  • Depth of Lot 0
  • Site Frontage 0
  • Water-Sewer-Garbage 0
  • Sewer Sewer Connected
  • Sewer Company sultan
  • Energy Source Electric, Natural Gas, See Remarks
  • Power Company snoh PUD
  • Number of Available Pads 0
  • Lot Square Footage 3,970
• Financials
  • Vacancy Rate 3
  • Total SqFt Rented 2,110
  • Total Monthly Rent $2,550
  • Gross Rent Multiplier 8
  • Cap Rate -NOI div LP 10.8
  • Gross Scheduled Income $30,600
  • Gross Adjusted Income $29,682
  • Total Expenses $2,986
  • NOI $26,696
  • Electrical Expenses $0
  • Tax Expense $1,386
  • Heating Expense $0
  • Insurance Expense $1,200
  • Other Expenses $400
  • Tax Year 2019
  • Annual Assoc. Dues $0