Skip To Content

110 Conconully Street

Okanogan, WA 98840
  • $399,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 1851203
UPDATED: 39 min ago
$399,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,160
    SQFT
  • $96
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1934
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Re/Max Lake And Country.

Description

Investors, landlords, and entrepreneurs, an fantastic opportunity awaits you. This 6 unit building is Section 8 approved on most of the units, and has 0% vacancy rates. The section 8 apartments are already approved for rate increases for 2022, which means this property will have a potential gross cap rate over 10% and a net cap of 7.15% next year!!! Very stable investment w/ rent assurances in uncertain times. There are two 2 bed/1 bath units, 3 1bed/1bath units, & one studio unit. Plenty of off street parking. The location is paramount!!! The city park & pool are nearly right across the street, & main street of Okanogan right around the corner. Opportunity to make extra income by reestablishing the laundry facility in the building.

Monthly Payment Calculator



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 2021-10-17T11:14:42.097.

www.nickmcleanrealestate.com/homes/122236697
Print Image

110 Conconully Street Okanogan, WA 98840

  • Price: $399,000
  • Status: Active
  • Updated: 39 min ago
  • MLS #: 1851203
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,160
SQFT
$96
$/SQFT
1934
Built
Neighborhood:
Okanogan
County:
Okanogan
Area:
Okanogan Valley
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Okanogan
Property Description
Investors, landlords, and entrepreneurs, an fantastic opportunity awaits you. This 6 unit building is Section 8 approved on most of the units, and has 0% vacancy rates. The section 8 apartments are already approved for rate increases for 2022, which means this property will have a potential gross cap rate over 10% and a net cap of 7.15% next year!!! Very stable investment w/ rent assurances in uncertain times. There are two 2 bed/1 bath units, 3 1bed/1bath units, & one studio unit. Plenty of off street parking. The location is paramount!!! The city park & pool are nearly right across the street, & main street of Okanogan right around the corner. Opportunity to make extra income by reestablishing the laundry facility in the building.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features AlleyCorner LotPaved Open Parking Spaces 8 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 8 Roof Metal Structure Type Multi Family Style Code 55 - 5-9 Units View Mountain(S)River View YN Yes Waterfront YN No

Interior Features

Building Area Total 4160 Fireplace YN No Flooring Ceramic Tile Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association Fee Frequency Annually Building Name Kahlows Add Okan Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Block Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 15 Net Operating Income 22235 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Company Okanogan County Pud Power Production Type Electric Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Okanogan Site Features DeckPatio Special Listing Conditions None Tax Annual Amount 2508 Tax Year 2022 Units In Building Total 6 Utilities Sewer ConnectedElectricity Available Water Company City Of Okanogan Water Source Public Zoning Class Multi-Family Zoning Jurisdiction County

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 2021-10-17T11:14:42.097.

 
https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1851203-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1851203-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1851203-1.jpg
Logo
Nick McLean Real Estate Group
29 S. Wenatchee Ave.
Wenatchee WA, 98801
Listing Courtesy of Re/Max Lake And Country.