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Listing Provided Courtesy Of:
CENTURY 21 Lund, Realtors and NWMLS
Address
500 N Tower Street Centralia, WA
Price
$ 1,600,000
Property Attributes
  • ID#1867417
  • TypeMulti-Family
  • CountyLEWIS
  • CityCentralia
  • AreaCentralia
  • NeighborhoodCentralia
  • Zip98531
  • Style10+ Units
  • Year Built1935
  • Taxes$ 5700
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24000
  • Lot Size0.7 Acres
Listing Provided Courtesy Of:
CENTURY 21 Lund, Realtors and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Attention Multi Family Investors! This well maintained building has 7 residential apts on upper level. Plus full lower level commercial rentals including full restaurant facility. Amazing space with 2 waterfalls and modern decor. Loft area for cocktails and fun! 7 apts are always rented. Over 13000 sq ft of paved parking or expansion. High visibility on corner lot in Downtown core. Extra paved lot included. Several commercial rental spaces. Perfect for health or beauty business. This will provide great cash flow to the savvy investor.

Elementary School Middle School High School
Wash Elem Centralia Mid Centralia High
Price History
11/24/2021 Listed $1,600,000

General Features

Building Area Units Square Feet
Carport Spaces 5
Carport Y/N No
City Centralia
County Lewis
Directions I-5 Harrison Ave exit go east on Harrison which becomes main to left on Tower. Go north several blocks to address on right. Corner of N tower and E. Center St.
Elementary School Wash Elem
Exterior Features Cement/Concrete, Wood Products
Flooring Ceramic Tile, Concrete, Laminate, Vinyl, Carpet
High School Centralia High
High School District Centralia
Insurance Expense 4720
Interior Features Forced Air, Heat Pump, Ceramic Tile, Concrete, Wall to Wall Carpet, Laminate
Leasable Area 17000
Lot Size Square Feet 30333
MLS Area 426 - Centralia
Middle/Junior High School Centralia Mid
Net Operating Income 121400
New Construction No
Open Parking Spaces 20
Possession Closing, Tenant's Rights
Possible Use Commercial, Retail
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Built-Up
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Tower
Structure Type Multi Family
Subdivision Name Centralia
Tax Annual Amount 5700
Tax Year 2021
Terms Cash Out, Conventional
Total Units 6
Units Below Grade false
Utilities High Speed Internet, Sewer Connected, Electricity Available
View Territorial
Virtual Tour https://listings.luminate.media/v2/500-n-tower-ave-centralia-wa-98531-1318016/videos/51817
Water Company City of Centralia
Water Sewer Garbage 15600
Year Built 1935
Zoning Class Commercial, Retail

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 24000
Foundation Details Poured Concrete, Slab
Irrigation Water Rights Y/N No
Lot Dimensions 275 x 110
Lot Features Corner Lot, Dead End Street, Paved, Sidewalk, Value In Land
Lot Size Acres 0.6963
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 20
Site Features Fenced-Partially, High Speed Internet
Total Parking 25
View Y/N Yes
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98531

Price
AVG $750K
$1.6M
Taxes
AVG $3,371
$5,700
Visits
AVG 67
4
Year Built
AVG 1937
1935
Walkscore
AVG 78
83
Data Provided by Walkscore ® not using MLS data