116 South Main Street

Kittitas, WA 98934

$625,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Opportunity to purchase a 4,800 square foot mixed-use building located at 116 S Main Street in Kittitas. The 100% occupied, 4-unit property features two 1200 sqft commercial units on the ground floor, and two 1,200 sqft apartments upstairs. Built in 2008, and priced well-below replacement cost, this newer construction property will provide an investor with stable cash flow at a low-cost basis. Alternatively, it would be a great opportunity to own and occupy 1 of the units with owner-occupied financing.Opportunity to purchase a 4,800 square foot mixed-use building located at 116 S Main Street in Kittitas. The 100% occupied, 4-unit property features two 1200 sqft commercial units on the ground floor, and two 1,200 sqft apartments upstairs. Built in 2008, and priced well-below replacement cost, this newer construction property will provide an investor with stable cash flow at a low-cost basis. Alternatively, it would be a great opportunity to own and occupy 1 of the units with owner-occupied financing.
  1. Listed by Jeff Ayers • Ayers Commercial Group

Property Details for 116 South Main Street

Community Name
Kittitas
School District
Kittitas
Number of Assigned Spaces
11
Total Covered Parking
0
Entry Date
07-31-2024
Energy Source
Electric
Sewer
Available, Sewer Connected
LISTING UPDATED: 11/13/2024 12:24 PM

Property Details for 116 South Main Street

StatusActive
MLS #2273363
Days on Market140
Cumulative Days on Market133
Taxes$4,644 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2008
Lot Size0.25 AC / 10,934 SF
CountyKittitas County

Building Information for 116 South Main Street

Stories2Residences4Year Built2008Building Size-Lot Size0.25 AC / 10,934 SF

Property Information for 116 South Main Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 949 - Lower Kittitas County
  • Directions: I-90 take the Kittitas exit. Follow road into town to the corner of Main and Railroad Ave. From Kittitas Hwy / Patrick Ave, go south on Main St to the corner of Railroad Ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 11.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Heat Pump
Exterior Features
  • Exterior: Wood Products
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4380
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Zoning Class: Commercial
  • Possible Use: Commercial
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 12
Lot Information
  • Lot Size Source: Kittitas County
  • Parcel Number Free Text: 572333
  • Calculated Square Footage: 0
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 11
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 14737
  • Gross Adjusted Income: 52440
  • Gross Rent Multiplier: 11.91
  • Gross Scheduled Income: $55,200
  • Insurance Expense: $3,091
  • Net Operating Income: $37,703
  • Other Expenses: $2,622
  • Total Monthly Income: 4600
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 4800.0
  • Leasable Area Units: Square Feet

Property History for 116 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 South Main Street

Taxable ValueLand$72,230Additions$539,580Total$611,810
Home Facts
Total Finished SqFt4,800 SqFtAbove Ground SqFt4,800 SqFtStories2Lot Size10,945 SqFtStyleStoresYear Built2008ZoningKCBCountyKITTITASAPN572333

Schools near 116 South Main Street

This home is within Kittitas School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Rating
School
Distance
Kittitas Elementary School
PublicK to 5

Kittitas High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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116 South Main Street is a multi-family home for sale in Kittitas, WA 98934. This property was listed for sale on July 31, 2024 by Ayers Commercial Group, it's currently listed at $625,000. It has been on the market for a total of 140 days and was last sold on August 23, 2006. This listing's school district is Kittitas School District. Nearby schools include Kittitas Elementary School and Kittitas High School. 116 South Main Street is a 0-bed, 0-bath, multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ayers Commercial Group

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.