- Listing #:
- 2239897
- Price:
- $1,500,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 5-9 Units
- # of Units:
- 5
- # of Acres:
- 0.20
- Year Built:
- 1953
- Comm/Assn:
- Moses Lake
- City:
- Moses Lake
- County:
- Grant
- State:
- WA
- Zip:
- 98837
- Right of 1st Refusal:
- No
QR Code
Description
Where waterfront living meets investment opportunity. This multi-family property boasts 65'+/- of prime waterfront access with a 55' wide dock & Bulkhead, perfect for boating, fishing, or just relaxing. Enjoy the serene eastern shade in the backyard in the evenings while taking in the beautiful views of the lake. Property features large backyard w/ UGS & mature landscaping. Interior boasts 5 remodeled apartments, w/ newer flooring, appliances, fixtures, and more. Apts. 1,2,3,4 are 1bd 1 ba units, apt 5 is a 3bd 2ba unit. Imagine waking up to the sound of the lake and enjoying the beautiful views while having a cup of coffee. This is a rare opportunity to own a piece of paradise in Moses Lake, Don't miss out on this one-of-a-kind property!
Property Features
- Cap Rate:
- - 6
- Cooling Y/N:
- - Yes
- Exterior Features:
- - Cement/Concrete
- :
- - Lake
- - Territorial
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $102,600.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $3,675.00
- Interior Features:
- - Forced Air
- - Heat Pump
- Leasable Area:
- - 3,400.00 Square Feet
- Lot Features:
- - Curbs
- - Paved
- - Sidewalk
- Net Operating Income:
- - $91,577.00
- Block:
- - 6
- Gross Rent Multiplier:
- - 14.6
- Leased Items:
- - None
- Parking Uncovered Spaces:
- - 5
- Power Company:
- - Grant County PUD
- Sewer Company:
- - City of ML
- Site Features:
- - Deck
- - Dock
- - Fenced-Partially
- - High Speed Internet
- - Sprinkler System
- Style Code:
- - 55 - 5-9 Units
- Total Expenses:
- - 11023
- Total Monthly Income:
- - 9128
- Units Below Grade:
- - false
- Water Company:
- - City of ML
- Water Sewer Garbage:
- - 1749
- Zoning Class:
- - Multi-Family
- Zoning Jurisdiction:
- - City
- Open Parking Spaces:
- - 5
- Open Parking Y/N:
- - Yes
- Other Expense:
- - 500
- Parcel Number:
- - 090535000
- Possible Use:
- - Multi-Family
- Security Features:
- - FullyFenced
- Stories Total:
- - 2
- Structure Type:
- - Multi Family
- Annual Tax Amount:
- - $5,099.00
- Tax Year:
- - 2023
- View Y/N:
- - Yes
- Waterfront Y/N:
- - Yes
- Water Source:
- - Public