135 Hill StMonroe, WA 98272

Property Details for 135 Hill St

Year built

1913

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

5,476 SF

Zone code

DC

Property type

Auto shops

APN

27060100106300

APU

27060100106300

Description

This exceptional investment opportunity presents a 100% occupied, general commercial building located at 135 E Hill Street in Monroe, WA. The property consists of two connected parcels and houses a Crash Champions Collision Repair Facility, a highly creditworthy tenant, under a 15-year lease with four years remaining. The lease includes a favorable annual rent increase of 2%, providing consistent and predictable income growth. The building's strong occupancy and long-term lease provide significant stability and a compelling return on investment. This is an ideal asset for investors seeking a secure, income-generating property with a proven tenant and a substantial remaining lease term. The property's location in Monroe, WA offers access to a growing market and convenient transportation links. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $2,171,290

  6.5%

  $2,004,267

  7%

  $1,861,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,194,685

  Geo Method

  $2,657,512

• Alternative Use

  Use

  Valuation

  Residential

  $1,690,674

  Hospitality

  $1,548,649

  Educational

  $1,288,458

  Medical

  $1,332,770

  Retail

  $2,004,267

Location Insight

City

Monroe

County

Snohomish

State

Washington

Latitude

47.857

Longitude

-121.97

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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