Montesano 6 Plex

405 E Broadway Ave Montesano, WA 98563

405 E Broadway Ave, Montesano, WA, 98563
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$549,950
Last Verified:
Jun 01, 2018


Description

Come invest in one of the country's hottest markets! No shortage of renters. This property has always been occupied by consistent tenants. Several units upgraded with stainless steel appliances, Corian countertops, and hardwood laminated floors. This gem is in amazing condition in a wonderful neighborhood in Montesano. Beautifully landscaped grounds that are very low maintenance. Several leases are below market and there is HUGE upside potential. There is also a covered carport area & extra storage for extra income!! Close to shopping, parks and less than 2 miles away from Lake Sylvia. In addition, Overstock.com has hired over 300 jobs since 2017 and is continuing to grow. As a result this community is on the rise and strengthen the rental pool. Seller is highly motivated and is will to look at ALL offers. Excellent opportunity to own a solid investment.

From HWY 12 take Montesano exit
North on Main St to Broadway
Take a right
Property is across street from church


Year Built: 1974
Building Size: 5490.0sq ft
Lot Size: 0.3 acres

Map of 405 E Broadway Ave, Montesano, WA, 98563

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.