58410 State Route 410 E, Greenwater, WA 98022

$1,350,000

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Listing courtesy of Kidder Mathews.

List Price
$1,350,000
Status
ACTIVE
MLS#
2575893
Days on Market
0
Annual Tax Ammount
3738

Property Description

A rare opportunity to purchase Cornell Corner in Greenwater WA. Consisting of three apartment units, a retail store and one unfinished floor in shell condition (1,248 +/-) for additional expansion. There are seven storage units on site. The tenants are currently month to month allowing for an owner user to implement their vision. Historically the apartments are rented to Crystal Mountain or their employees directly. The property has been updated over the years and offers ideal access to Mt Rainer National Park & Crystal Mountain resort, Washington's largest ski resort and only gondola. Crystal is located about 16 miles from Greenwater and offers winter and summer activities for all ages. Mountain bikers, motorcyclists, hikers, and campers often to stop in Greenwater on their way to and from Mt Rainer's National Park.

Additional Information

Community
Greenwater
Style
60 - Comm Bldg Und 10K
Year Built
1983
Roof
Metal
Tax Year
2026
Driving Directions
From Enumclaw, East on State Route 410 to Mile 43. Building on Right
Other Expenses
7125
Energy Source
Electric
Net Operating Income
$91,790
Gross Adjusted Income
$107,040
Gross Scheduled Income
$107,040
Water/Sewer/Garbage Expenses
$1,362
Cap Rate
6.8
Total Expenses
$15,250
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.
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