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Roy,WA 98558
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,568 sqft
Price per Sqft $111
Subdivision Roy
MLS Listing ID 2341860
Style 56 - 10+ Units
Year Built 1930
Annual Tax Amount $13,720
Lot Size 1.110 Acres
Property Sub-Type Multi-Family
Property Description
Discover an incredible investment opportunity in Roy with this versatile commercial property, currently operating as a transitional housing facility. Boasting 50% occupancy and exceptional return potential, this property is primed for success with systems and a dedicated management team already in place. With the right vision, there's immense potential to expand or repurpose the facility, though zoning must remain the same. The property offers tranquility with a river flowing alongside, while being conveniently located near bus stops, restaurants, and shops. Unoccupied wings offer additional income streams, and grants could be leveraged for future use, presenting incredible opportunities for growth and innovation.
Location
State WA
County Pierce
Area 119 - Roy/Mckenna
Interior
Flooring Vinyl
Exterior
Exterior Feature Wood,Wood Products
Waterfront Description River
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot,Paved
Sewer Septic Tank
Water Public
New Construction No
Schools
School District Yelm
Others
Acceptable Financing See Remarks
Listing Terms See Remarks