109 W Main Street, Elma, WA 98541
- $295,000
Listing courtesy of G Anderson Group LLC.
- List Price
- $295,000
- Status
- ACTIVE
- MLS#
- 2056845
- Price Change
- ▼ $4,000 1782873219
- Days on Market
- 1185
- Annual Tax Ammount
- 2038
- Internet Provider
- Centurylink
Property Description
Own a piece of Elma's history! Situated on a prominent corner in the heart of downtown Elma, this charming mixed-use building dates back to the late 1800s and is filled with character that simply can't be replicated. Offering a unique blend of commercial and residential income potential, the property is currently home to a hair salon and contractor's office on the main level, with a comfortable 1-bedroom, 1-bath apartment occupying the upper floor. Over the years, the building has undergone numerous updates while maintaining its historic charm, including a newer roof, interior and exterior paint, updated bathrooms, flooring, lighting fixtures, and more. A detached 576-square-foot garage provides additional storage space with two separate storage areas, creating even more flexibility for tenants or owners. Whether you're seeking an investment property, owner-user opportunity, or a 1031 exchange replacement property, this well-maintained downtown landmark offers excellent visibility, multiple income streams, and a prime location along Elma's bustling Main Street. Don't miss the chance to own a timeless piece of downtown Elma with endless possibilities for the future.
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Additional Information
- Community
- Elma
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1889
- Roof
- Composition
- Tax Year
- 2023
- Potential Terms
- Cash, Conventional
- Flooring
- Laminate, Vinyl
- Driving Directions
- West on Hwy 12 towards Ocean Shores, take 2nd Elma exit to right on S. 3rd Street to right on W. Main Street to property on right. Street parking available or pull to alley way in back.
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $16,958
- Gross Adjusted Income
- $26,496
- Gross Scheduled Income
- $27,600
- Water/Sewer/Garbage Expenses
- $4,764
- Cap Rate
- 5.2
- Vacancy Rate
- 4
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.