$269,000

138 Market Street

Washington NC, 27889

Description

Fully rented with income of $36,600/year! Water View, renovated downtown commercial First Floor Condo located in the heart of Washington,NC's Historic District on the corner of Water Street & South Market Street and just across the street from the Chamber of Commerce. Downstairs (only) is being marketed for sale in this listing; upstairs is owned by another owner. Building is set up as two condo units. Downstairs includes: two retail storefronts on S. Market Street, two office spaces on back of building near rear entrance of Down On Main Street Restaurant and another single office in hallway. Two HVAC systems heat & cool the down stairs one unit controls the two retail spaces on S. Market & the other unit controls the rest of the downstairs spaces. Insurance is shared 50/50 between the upstairs owner. Total annual expenses $11,745- $2569 new flood insurance rate, Wind/Hail $1100, property taxes $2476, $5600 avg utilities/yr. Downstairs flooded in 2018 & was totally rebuilt from ground up; prior to this the last time it flooded was in 1999. One electric,water & gas meter for downstairs. Note: building is fully rented. The entire building-upstairs & downstairs condos are available for sale for $449,000. Check out 134 S. Market to see full info on whole building or 1 Commerce Square to see Upstairs condo Only info.

Details

MLS#100216430
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site25

Features

SQ Feet3,220
Story(s)1
Zoningresidential

Loading Form

Loading Form

Area Information

StateNC
CountyBeaufort
CityWashington
Zip Code27889
AreaBeaufort
Listing VS Median (in 27889)
Price:
$269,000
low | high
Med:
$129,450
100% of Average
SqFt:
3,220
low | high
Med:
637
100% of Average
$ / SqFt:
$84
low | high
Med:
$51
88.97422280322% of Average
On Site:
25
low | high
Med:
103
24.271844660194% of Average
Listing Updated: 05/31/2020
MLS Number: 100216430
Listing Provided By:
Lydie Jennings  of  The Rich Company
Copyright {{year}} NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.