213 E Washington Street, Sequim, WA 98382
- $895,000
Listing courtesy of RE/MAX Prime.
- List Price
- $895,000
- Status
- ACTIVE
- MLS#
- 2511832
- Days on Market
- 95
- Annual Tax Ammount
- 3547
Property Description
Excellent investment opportunity in ideal location, fully leased with long term tenants. High traffic along Sequim's busiest street (Washington St.) and on same block as US Post Office. Tenants: Edward Jones, La Petite Maison, Pedego Electric Bikes and Beal Carpet and Drapes. One tenant paying below market rent is month to month. Current Net income of $59,801. Parking lot with 14 dedicated spaces. La Petite Maison Blanche $1650/mo 1200sf, Edward Jones $2025.85/mo lease ends 3/2026 1200sf, Pedego Bikes $1815/mo lease ends 9/2028 2540sf appr., Beal Carpet $900/mo month-to-month 1300sf appr. Per seller, all interior walls can be moved/removed to make one large space and it is the main pillars that support the structure, not the walls.
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Additional Information
- Community
- Sequim
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1940
- # of Assigned Spaces
- 14
- Roof
- Flat
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl, Carpet
- Driving Directions
- Southeast corner property at E Washington and S Sunnyside Ave
- Other Expenses
- 2202
- Energy Source
- Electric
- Net Operating Income
- $59,801
- Gross Adjusted Income
- $76,692
- Gross Scheduled Income
- $76,692
- Water/Sewer/Garbage Expenses
- $5,545
- Cap Rate
- 8.57
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.