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    1033 W Columbia Avenue

    Moses Lake, WA 98837
    • $1,190,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 1836675
    UPDATED: 50 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

    This value-add multifamily portfolio consists of three buildings. There are two triplexes and one fourplex. The properties are centrally located in Moses Lake and each within a block of the other. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors an asset with significant rental upside and opportunities for utility bill-back and charging for laundry. A 65% increase in rental income is estimated to be feasible. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Average Asking Rent growth. Seller Financing is available with proof of funds and credit review. 1042 & 1046 W Cascade are the other addresses for this portfolio

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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 2021-09-16T23:15:54.223.

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

    • Price: $1,190,000
    • Status: Active
    • Updated: 50 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
    This value-add multifamily portfolio consists of three buildings. There are two triplexes and one fourplex. The properties are centrally located in Moses Lake and each within a block of the other. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors an asset with significant rental upside and opportunities for utility bill-back and charging for laundry. A 65% increase in rental income is estimated to be feasible. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Average Asking Rent growth. Seller Financing is available with proof of funds and credit review. 1042 & 1046 W Cascade are the other addresses for this portfolio
    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 104104 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 6574 Tax Year 2022 Utilities High Speed InternetSewer ConnectedElectricity Available Zoning Jurisdiction City

    Listing information © 2021 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 2021-09-16T23:15:54.223.

     
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    Nick McLean Real Estate Group
    29 S. Wenatchee Ave.
    Wenatchee WA, 98801
    Listing Courtesy of Kidder Mathews.