$1,250,000

14 Beds 10 Baths 7,126 SQFT 0.40 Acres
Type: Multi-Family

97 S Elderberry Avenue
Forks, WA 98331

MLS#: 2490382
Presented by: Ideal Real Estate and NWMLS

Property Description

 

Investment opportunity of a lifetime! This property alone is sufficient to be a generational wealth type portfolio. One of the nicest multi-unit properties in the area, a very well kept 10-unit apartment building in a great location. Tucked away in a private spot, accessed by a dead-end driveway, with a paved parking lot and a low maintenance yard. Highly desirable location for renters, only moments away from the school, local gym and City Hall with the Police Department, and also adjacent to storage units. Property can easily be taken over by new ownership - the building is very well kept and can seamlessly continue producing income without any major pressing costs. Solid rental history and consistent tenant demand make this a very stable investment. The property is connected to highly desirable City water and sewer, has a nice outbuilding and a coin-operated laundry room. Paved walkways, fenced back yard, landscaped courtyard - this place is as nice as it gets and there won't be another one just like it.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

AmenitiesSee Remarks
Building Area Units0 sqft
Cap Rate3.44
Carport Spaces0
Carport Y/NNo
CityForks
CoolingNone
CountyClallam
DirectionsFrom Hwy 101, turn onto A St SE, follow straight through Elderberry Ave to the driveway adjacent to the storage units.
Electric Expense1173
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictQuillayute
Insurance Expense8056
Leasable Area7,126 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet17,435 sqft
Lot Size UnitsSquare Feet
MLS Area928 - Southwest Clallam
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income42940
New ConstructionNo
Number Of Units Total10
PossessionClosing
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvestment opportunity of a lifetime! This property alone is sufficient to be a generational wealth type portfolio. One of the nicest multi-unit properties in the area, a very well kept 10-unit apartm
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameForks
Tax Annual Amount$4,109
Tax Year2026
Units Below Gradefalse
Units In Building Total10
ViewCity, Territorial
Water CompanyCity of Forks
Water Sewer Garbage10297
Year Built1976

Exterior

Building Area Total7,126 sqft
Covered Spaces0
Exterior AmenitiesCement/Concrete
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.4003
Parking Uncovered Total11
Site FeaturesFenced-Partially, Outbuildings
Total Parking11
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Buyer To Verify Elementary School
Middle School Buyer To Verify Middle School
High School Buyer To Verify High School

  

Similar Properties

$1,250,000

14 Beds 10 Baths 7,126 SQFT 0.40 Acres
Type: Multi-Family

97 S Elderberry Avenue
Forks, WA 98331

MLS#: 2490382