Bought with Woodford CRE
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Key Details
Sold Price $592,500
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Woodland
MLS Listing ID 1951823
Sold Date 08/18/23
Style 60 - Comm Bldg Und 10K
Year Built 1930
Annual Tax Amount $3,827
Lot Size 4,800 Sqft
Property Sub-Type Commercial Industrial
Property Description
Rare mixed-use building in downtown Woodland is now available. The commercial portion of the building is occupied by a long-term popular bar/restaurant tenant. The second floor has thirteen shared living units with seven tastefully updated. The shared living floor has two oversized bathrooms with showers, a large kitchen, and coin-operated laundry. This property has professional management in place and has significant upside in the rent or with continued potential improvements to the property. The property is offered at a 9.2% CAP Rate on actuals and has a Pro Forma of a 10.9% CAP Rate. Call today to inquire on this rare find or for more details.
Location
State WA
County Cowlitz
Area 420 - South County/Woodland
Interior
Interior Features Hardwood, Laminate, Wall to Wall Carpet
Flooring Hardwood, Laminate, Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Brick
Roof Type Built-Up
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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