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1033 W Columbia Avenue

Moses Lake, WA 98837
  • $1,190,000
  • STATUS: Active
  • ON SITE: 133 Days
  • MLS #: 1836675
UPDATED: 178 min ago
$1,190,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

School District:
Listing Courtesy of Kidder Mathews.

Description

True value-add multifamily opportunity consisting of 3 buildings. There are 2 triplexes and 1 fourplex. The properties are centrally located in Moses Lake and each is adjacent to the next. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors significant rental upside and opportunities for utility bill-back and charging for laundry. A 52% increase in rental income is estimated. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Avg. Asking Rent growth. Seller Financing only. -20% Down -5% Interest -I/O payments -3 to 5 Yr. Term -30 Yr. Amortization -Individual Prom. Notes for each property

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Nick McLean Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-20T00:14:00.03.

www.nickmcleanrealestate.com/homes/121243558
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1033 W Columbia Avenue Moses Lake, WA 98837

  • Price: $1,190,000
  • Status: Active
  • On Site: 133 Days
  • Updated: 178 min ago
  • MLS #: 1836675
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1948
Built
Neighborhood:
Peninsula
County:
Grant
Area:
Grant County Moses Lk Peninsula
School District:
Moses Lake
Property Description
True value-add multifamily opportunity consisting of 3 buildings. There are 2 triplexes and 1 fourplex. The properties are centrally located in Moses Lake and each is adjacent to the next. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors significant rental upside and opportunities for utility bill-back and charging for laundry. A 52% increase in rental income is estimated. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Avg. Asking Rent growth. Seller Financing only. -20% Down -5% Interest -I/O payments -3 to 5 Yr. Term -30 Yr. Amortization -Individual Prom. Notes for each property
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features CurbsPavedSidewalk Open Parking Spaces 6 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 6 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryStorage Electric On Property YN No Energy Source Electric First Right Of Refusal No Irrigation Water Rights YN No Listing Terms Owner Financing Net Operating Income 56676 New Construction YN No Possession Closing Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Site Features Fenced-PartiallyHigh Speed Internet Special Listing Conditions None Tax Annual Amount 6383 Tax Year 2022 Units In Building Total 10 Utilities High Speed InternetSewer ConnectedElectricity Available Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Nick McLean Real Estate Group and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Nick McLean Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-20T00:14:00.03.

 
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Nick McLean Real Estate Group
7 N Wenatchee Ave., Suite 300
Wenatchee WA, 98801
Listing Courtesy of Kidder Mathews.