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1035 W Columbia Avenue

Moses Lake, WA 98837
  • $325,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 1864965
UPDATED: 49 min ago
$325,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,788
    SQFT
  • $182
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

School District:
Listing Courtesy of Kidder Mathews.

Description

Value-Add triplex that's centrally located in Moses Lake that is part of a 10-unit multifamily portfolio being sold. The property has been painted and a new roof in the last five years. This opportunity offers investors an asset with significant rental upside. It's estimated a 60% increase in rent is feasible due to current rents being significantly under market. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Average Asking Rent growth. All tenants are MTM Seller Financing ONLY. - 20% Down, 5% Interest, 3 Yr. term. Part of listing #1836675 (SELLER PREFERS PORTFOLIO BE SOLD TOGETHER)

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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 2021-12-01T18:14:16.44.

www.nickmcleanrealestate.com/homes/123314905
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1035 W Columbia Avenue Moses Lake, WA 98837

  • Price: $325,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 49 min ago
  • MLS #: 1864965
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,788
SQFT
$182
$/SQFT
1948
Built
Neighborhood:
Moses Lake
County:
Grant
Area:
Grant County Moses Lk Peninsula
School District:
Moses Lake
Property Description
Value-Add triplex that's centrally located in Moses Lake that is part of a 10-unit multifamily portfolio being sold. The property has been painted and a new roof in the last five years. This opportunity offers investors an asset with significant rental upside. It's estimated a 60% increase in rent is feasible due to current rents being significantly under market. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Average Asking Rent growth. All tenants are MTM Seller Financing ONLY. - 20% Down, 5% Interest, 3 Yr. term. Part of listing #1836675 (SELLER PREFERS PORTFOLIO BE SOLD TOGETHER)
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Lot Features AlleyCul-De-SacCurbsPavedSidewalk Open Parking Spaces 4 Open Parking YN Yes Parking Total 4 Parking Uncovered Spaces 4 Roof Cedar ShakeComposition Structure Type Triplex Style Code 53 - Tri-Plex View YN No Waterfront YN No

Interior Features

Building Area Total 1788 Fireplace YN No Flooring Ceramic TileLaminateVinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Electric On Property YN No Energy Source Electric Foundation Details Concrete Ribbon Irrigation Water Rights YN No Listing Terms Owner Financing Net Operating Income 18420 New Construction YN No Possession Closing Possible Use Residential Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Site Features Cable TvFenced-PartiallyHigh Speed InternetShop Special Listing Conditions None Tax Annual Amount 2274 Tax Year 2021 Units In Building Total 3 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Zoning Class Residential 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 2021-12-01T18:14:16.44.

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