$499,000

134 Market Street

Washington NC, 27889

Description

8% ROI-$64,500 potential annual income ($49,500 in rent currently) in this renovated, waterview, downtown commercial building (upstairs & downstairs) located in the heart of Washington, NC's Historic District & just steps away from the Chamber of Commerce & the beautiful waterfront promenade. Total annual expenses $20,943- $4023 new flood insur rate, Wind/Hail $2200, property taxes $5,000, $9720 avg utilities/yr. Two retail spaces, 9 offices, kitchenette & bathrooms upstairs & downstairs. Plenty of free street side parking & free parking lot at rear of building. Downstairs flooded in 2018 & was totally rebuilt from ground up; prior to this the last time it flooded was in 1999. Broker owned. One electric & gas meter for downstairs & one set for upstairs. ...the other unit controls the rest of the downstairs spaces. Insurance is shared 50/50 between the upstairowner & downstairs owner. Wind/Hail is $1100/yr & flood insurance is $1352/yr ($2000 deductible). These numbers represent the amount that each owner pays. Property taxes are $2476/yr. Real estate agent is a principal in the LLC that owns the property. Plenty of free street side parking and waterfront parking lot.

Details

MLS#100171658
Sub-TypeResale
StatusActive
Year1900
Days On Site154

Features

SQ Feet6,440
Story(s)1
Units2
ZoningB1-H

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Area Information

StateNC
CountyBeaufort
CityWashington
Zip Code27889
AreaBeaufort
Listing VS Median (in 27889)
Price:
$499,000
low | high
Med:
$97,900
100% of Average
SqFt:
6,440
low | high
Med:
2,200
100% of Average
$ / SqFt:
$77
low | high
Med:
$45
92.569138276553% of Average
On Site:
154
low | high
Med:
79
100% of Average
Listing Updated: 11/19/2019
MLS Number: 100171658
Listing Provided By:
Lydie Jennings  of  The Rich Company
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