- Listing #:
- 2264323
- Price:
- $850,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 4-Plex
- # of Units:
- 4
- # of Acres:
- 0.29
- Year Built:
- 1994
- Comm/Assn:
- Garden Heights
- City:
- Moses Lake
- County:
- Grant
- State:
- WA
- Zip:
- 98837
- Right of 1st Refusal:
- No
QR Code
Description
This exceptional property consists of 2 duplexes, offering a total of 4 well-maintained rental units (1309, 1311, 1313, 1315) with a strong rental history. Ideal for savvy investors or for those looking to reside in one unit while leasing out the others. Nestled in a highly sought-after location, these units offer unparalleled convenience. Each unit is equipped with its own washer/dryer, complete set of kitchen appliances, single-car garage, underground sprinklers, & partially fenced backyard. Some units have been recently upgraded with new AC units, LVP flooring, carpet & paint, enhancing their appeal. Two separate parcels available, totaling 8 rental units. Lots are subdividable to allow for one duplex per lot. Buyer to verify with city.
Property Features
- Cap Rate:
- - 4.87
- Cooling Y/N:
- - Yes
- Covered Spaces:
- - 4
- Exterior Features:
- - Metal/Vinyl
- :
- - Sewer Connected
- Foundation Details:
- - Poured Concrete
- Green Energy Efficient:
- - Thermal Windows
- Gross Scheduled Income:
- - $81,259.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $1,131.00
- Interior Features:
- - Wall to Wall Carpet
- Leasable Area:
- - 4,752.00 Square Feet
- Lot Features:
- - Cul-De-Sac
- - Curbs
- - Paved
- - Sidewalk
- Net Operating Income:
- - $41,371.00
- Amenities:
- - Thermal Windows
- Gross Adjusted Income:
- - 41371
- Gross Rent Multiplier:
- - 16.1
- Leased Items:
- - None
- Parking Uncovered Spaces:
- - 8
- Power Company:
- - Grant County PUD
- Sewer Company:
- - City of Moses Lake
- Site Features:
- - Cable TV
- - Fenced-Partially
- - Patio
- - Sprinkler System
- Style Code:
- - 54 - 4-Plex
- Total Expenses:
- - 39887
- Total Monthly Income:
- - 5245
- Units Below Grade:
- - false
- Water Company:
- - City of Moses Lake
- Water Sewer Garbage:
- - 5183
- Zoning Class:
- - Multi-Family
- Zoning Jurisdiction:
- - City
- Open Parking Spaces:
- - 8
- Open Parking Y/N:
- - Yes
- Other Expense:
- - 28465
- Parcel Number:
- - 311574000
- Possible Use:
- - Multi-Family
- Property Condition:
- - Good
- Security Features:
- - FullyFenced
- Stories Total:
- - 2
- Structure Type:
- - Quadruplex
- Annual Tax Amount:
- - $5,108.00
- Tax Year:
- - 2024
- Water Source:
- - Public