The Evergreen Grocery | 2311 SW 6th Ave
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The Evergreen Grocery 2311 SW 6th Ave
4 Unit Block of Flats £1,020,488 (£255,122/Unit) 6.50% Net Initial Yield Camas, WA 98607
Executive Summary
The Evergreen Grocery is a rare 6,500sf live/work opportunity in Camas, WA. Consisting of two residences (#19 and #20) totaling 3,500sf and two adjoining flex-spaces (C1 and C2) totaling 3,050sf, the property is perfectly configured for an owner-occupant or investor. Each unit can be purchased individually or in combination with other units. Pricing per unit is as follows
#19: $672,000
#20: $232,000
C1: $195,000
C2: $201,000
The crown-jewel of the building is #19, the spacious 2,400sf second-story residence featuring 4 beds and 2 ½ baths. #20 is a 2-bed, 1 bath, 1,068sf apartment, C1 offers 1,551sf of flex-space with 9’ ceilings and C2 offers 1,499sf flex-space with 4-bay doors and 12’ tall ceilings. Both C1 and C2 are currently in shell condition and can be built out for the buyer as part of a purchase.
The property is zoned Neighborhood-Commercial which allows for a variety of uses. The building is situated a short drive from Downtown Camas, SR-14, and I-205. Seldom seen opportunity that's not expected to last long. Schedule your private tour today.
#19: $672,000
#20: $232,000
C1: $195,000
C2: $201,000
The crown-jewel of the building is #19, the spacious 2,400sf second-story residence featuring 4 beds and 2 ½ baths. #20 is a 2-bed, 1 bath, 1,068sf apartment, C1 offers 1,551sf of flex-space with 9’ ceilings and C2 offers 1,499sf flex-space with 4-bay doors and 12’ tall ceilings. Both C1 and C2 are currently in shell condition and can be built out for the buyer as part of a purchase.
The property is zoned Neighborhood-Commercial which allows for a variety of uses. The building is situated a short drive from Downtown Camas, SR-14, and I-205. Seldom seen opportunity that's not expected to last long. Schedule your private tour today.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£95,926
|
£14.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£4,796
|
£0.74
|
| Effective Gross Income |
£91,130
|
£13.99
|
| Taxes |
£8,768
|
£1.35
|
| Operating Expenses |
£18,245
|
£2.80
|
| Total Expenses |
£27,013
|
£4.15
|
| Net Operating Income |
£64,116
|
£9.84
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £95,926 |
| Annual Per SF | £14.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £4,796 |
| Annual Per SF | £0.74 |
| Effective Gross Income | |
|---|---|
| Annual | £91,130 |
| Annual Per SF | £13.99 |
| Taxes | |
|---|---|
| Annual | £8,768 |
| Annual Per SF | £1.35 |
| Operating Expenses | |
|---|---|
| Annual | £18,245 |
| Annual Per SF | £2.80 |
| Total Expenses | |
|---|---|
| Annual | £27,013 |
| Annual Per SF | £4.15 |
| Net Operating Income | |
|---|---|
| Annual | £64,116 |
| Annual Per SF | £9.84 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 4+2.5 | 1 | - | 2,397 - 2,450 |
| 2+1 | 1 | - | 1,068 |
zoning
| Zoning Code | NC |
| NC |
-
John Livingston Bullier -
KW Commercial
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The Evergreen Grocery | 2311 SW 6th Ave
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