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    308 N Emerson Street

    Chelan, WA 98816
    • $1,395,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 1672145
    Price Reduced
    UPDATED: 38 min ago
    $1,395,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Cb Cascade - Lake Chelan.

    Description

    Extremely rare 8 plex multifamily complex in the heart of Downtown Lake Chelan. One block from the police station and town hall, grocery stories and other downtown amenities. Large corner lot with ample parking for all 8 units. Excellent income and occupancy rates. Room for income growth as units are not renting for new market rates due to landlord. Two buildings that are in great shape with vinyl siding and a metal roof. Low maintenance and turnkey setup.

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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 2020-11-25T16:14:40.117.

    www.nickmcleanrealestate.com/homes/110656339
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    308 N Emerson Street Chelan, WA 98816

    • Price: $1,395,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 1672145
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1982
    Built
    Neighborhood:
    Chelan
    County:
    Chelan
    Area:
    Chelan
    Elementary School:
    Morgen Owings Elem
    Middle School:
    Chelan Mid
    High School:
    Chelan High
    School District:
    Lake Chelan
    Property Description
    Extremely rare 8 plex multifamily complex in the heart of Downtown Lake Chelan. One block from the police station and town hall, grocery stories and other downtown amenities. Large corner lot with ample parking for all 8 units. Excellent income and occupancy rates. Room for income growth as units are not renting for new market rates due to landlord. Two buildings that are in great shape with vinyl siding and a metal roof. Low maintenance and turnkey setup.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Metal/Vinyl Lot Features Corner LotPaved Open Parking Spaces 16 Open Parking YN Yes Parking Total 16 Parking Uncovered Spaces 16 Roof Metal Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes

    Property Features

    Electric Expense 3667 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 87150 Insurance Expense 1893 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Lot Number 11 & 2 Net Operating Income 41778 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Sprinkler System Special Listing Conditions None Tax Annual Amount 2023 Tax Year 2020 Total Expenses 45372 Units In Building Total 8 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 12993 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2020 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 2020-11-25T16:14:40.117.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1672145-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1672145-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1672145-1.jpg
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    Nick McLean Real Estate Group
    29 S. Wenatchee Ave.
    Wenatchee WA, 98801
    Listing Courtesy of Cb Cascade - Lake Chelan.