19600 635th Place NE, Baring, WA 98224

$850,000

Listing courtesy of Marketplace Sotheby's Intl Rty. Selling Office: Waterstone Properties.

Sold Price
$850,000
List Price
$950,000
Status
SOLD
MLS#
2181419
Closing Date
Mar 19, 2024
Days on Market
44
Annual Tax Ammount
11557

Property Description

Don't miss this investment opportunity! This properties location with frontage on and proximity to Washington State Highway 2, encompassing 4.43 acres enhanced with a mix of residential and commercial structures. This versatile property serves as an income generator with 11 residential units, 2 RV sites, a commercial store, Post Office, and ownership of the Chamonix Water District. Additionally, it offers affordable housing units, giving you a choice to either occupy or lease the Der Baring Store. Situated in close proximity to the picturesque Skykomish River, a community park, and abundant outdoor activities including fishing, hiking, rafting, hunting, and skiing, this property is a multifaceted investment opportunity. 19 miles to Stevens.

Additional Information

Community
Baring
Style
60 - Comm Bldg Und 10K
Year Built
1911
Roof
Metal
Tax Year
2022
Potential Terms
Cash Out, Conventional
Interior Features
Wall to Wall Carpet
Flooring
Carpet
Driving Directions
From Hwy 2, pull into the Baring Store, you can't miss it.
Electric Expenses
4800
Other Expenses
1200
Energy Source
Electric
Net Operating Income
$79,669
Gross Adjusted Income
$106,378
Gross Scheduled Income
$132,973
Water/Sewer/Garbage Expenses
$1,000
Cap Rate
8
Vacancy Rate
20
Total Expenses
$26,709
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

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