Pending

$2,750,000

0 Beds 0 Baths 24,568 SQFT 1.11 Acres

Type: Pending

9414 357th Street S
Roy, WA 98558

MLS#: 2341860

Presented by: COMPASS and NWMLS

Property Description

Discover a prime investment in Roy with this versatile 24,568 SF campus currently functioning as a transitional housing facility. Generating a remarkable $228,268 NOI at current occupancy, this property delivers strong returns & holds substantial upside for increased profitability at full capacity. With opportunities for expansion or repurposing, the property is positioned for future growth. Unoccupied wings offer addl income streams, presenting a compelling opportunity for future development. Whether you decide to continue its current use or capitalize on new opportunities, this property provides outstanding return potential & a strong foundation for long-term growth. Rarely does a property with this scale & flexibility become available!

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories2

General

AmenitiesClubhouse, Coin Op Laundry, Elevator, See Remarks, Storage

Building Area Units0 sqft

Cap Rate8.3

Carport Spaces0

Carport Y/NNo

CityRoy

CoolingNone

CountyPierce

DirectionsFrom WA-507, turn right onto 357th St S - property will be on the left

Electric Expense26296.81

Fuel Expense26296.81

HOANo

HOA Fee$0

HeatingRadiant

High School DistrictYelm

Insurance Expense19466.92

Leasable Area24,568 sqft

Listing TermsSee Remarks

Living Area0 sqft

Lot Size Square Feet48,352 sqft

Lot Size UnitsSquare Feet

MLS Area119 - Roy/McKenna

NWM_ShowMapLinkY

Net Operating Income228268

New ConstructionNo

Number Of Units Total1

Open Parking Spaces0

PossessionClosing, Subject to Tenant Rights

Possible UseCommercial, Industrial, Multi-Family, Residential

Property ConditionGood

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksDiscover a prime investment in Roy with this versatile 24, 568 SF campus currently functioning as a transitional housing facility. Generating a remarkable $228, 268 NOI at current occupancy, this proper

RoofComposition

Senior Community Y/NNo

SewerSeptic Tank

Special Listing ConditionsNone

Standard StatusPending

StatusPending

Structure TypeMulti Family

Subdivision NameRoy

Tax Annual Amount$14,348

Tax Year2024

Units Below Gradefalse

Water CompanyCity of Roy

Water Sewer Garbage9243.98

Waterfront FeaturesRiver

Year Built1930

Zoning DescriptionCommercial, Industrial-Light, Multi-Family, Residential

Exterior

Building Area Total24,568 sqft

Covered Spaces0

Exterior AmenitiesWood, Wood Products

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot Dimensions236x241x238x227

Lot FeaturesCorner Lot, Paved

Lot Size Acres1.11

Parking Uncovered Spaces0

Total Parking20

Water SourcePublic

Waterfront Y/NYes

Additional Details

Price History

Schools

Elementary School N/A

Middle School N/A

High School N/A

Similar Properties

$2,750,000

0 Beds 0 Baths 24,568 SQFT 1.11 Acres

Type: Pending

9414 357th Street S
Roy, WA 98558

MLS#: 2341860

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Property

$2,750,000

9414 357th Street SRoy, WA 98558

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,750,000

9414 357th Street SRoy, WA 98558

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9414 357th Street S
Roy, WA 98558

9414 357th Street S
Roy, WA 98558