1209 Commerce Ave

    Longview, WA 98632
    • $1,050,000
    • STATUS: Pending Feasibility
    • ON SITE: 77 days
    • ID#: 1479188
    Under Contract
    UPDATED: 12 min ago
    $1,050,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1929
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Woodford Cre.

    Description

    Rare find in this mixed use building in the heart of Longview. These side-by-side buildings consist of 3 commercial spaces on the ground floor and 13 apts above ranging in size from studio to 2 bed 1 bath. Great upside in rents with a 8.5% proforma CAP Rate & 13% rate of return. This would make an excellent addition to your portfolio and/or a great opportunity for an owner user. There is street parking in front along Commerce as well as a public parking lot in the rear of the building.

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    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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-17T17:17:28.893.

    www.alchemyre.com/homes/96453354

    1209 Commerce Ave Longview, WA 98632

    • Price: $1,050,000
    • Status: Pending Feasibility
    • Updated: 12 min ago
    • ID#: 1479188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1929
    Built
    Neighborhood:
    Longview
    County:
    Cowlitz
    Area:
    West Kelso
    Property Description
    Rare find in this mixed use building in the heart of Longview. These side-by-side buildings consist of 3 commercial spaces on the ground floor and 13 apts above ranging in size from studio to 2 bed 1 bath. Great upside in rents with a 8.5% proforma CAP Rate & 13% rate of return. This would make an excellent addition to your portfolio and/or a great opportunity for an owner user. There is street parking in front along Commerce as well as a public parking lot in the rear of the building.
    Exterior Features

    Exterior Cement/Concrete Lot Depth 0 Lot Topography And Vegetation Level Roof Torch Down Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 0 Floor Covering Ceramic TileConcreteWall to Wall Carpet Heating And Cooling Wall Office Sq Ft 22060 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 8.50 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 155682 Gross Rent Multiplier 7 Gross Scheduled Income 167400 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5700 Net Operating Income 89380 Other Expenses 30444 Possession Closing Power Company Cowlitz Pud Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Longview Tax Amount 8381 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 13950 Vacancy Rate 7 Water Company City Of Longview Water Sewer Garbage 21777 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 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 Alchemy 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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-17T17:17:28.893.

     
    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Woodford Cre.