- Listing #:
- 2279885
- Price:
- $629,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 4-Plex
- # of Units:
- 5
- # of Acres:
- 0.45
- Year Built:
- 1978
- Comm/Assn:
- Harvest Manor
- City:
- Moses Lake
- County:
- Grant
- State:
- WA
- Zip:
- 98837
- Right of 1st Refusal:
- No
QR Code
Description
Unique 5-unit property available for investment or owner occupancy within close distance of the Grant County Fairgrounds in Moses Lake. Exterior features include: gravel parking area, grass yard space with storage shed. Block exterior on 4-plex with new double pane windows, metal roofing on 4 plex and detached single wide, septic system on property, fully fenced lot with entry gate, underground sprinkler system for yard/trees/shrubs. Common area for laundry and storage area. Interior features include of 4 plex include: heating/cooling, kitchen appliances included, unit 1 and 3 fully remodeled with LVP, cabinets, countertops. Separate 2 bed 2 bath single wide. Property currently generates $4800/month in gross rent fully leased.
Property Features
- Bedrooms Possible:
- - 5
- Cap Rate:
- - 7.8
- Cooling Y/N:
- - Yes
- Exterior Features:
- - Brick
- - Wood Products
- :
- - Territorial
- Foundation Details:
- - Tie Down
- Gross Scheduled Income:
- - $57,600.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $1,336.92
- Interior Features:
- - Ceramic Tile
- - Wall to Wall Carpet
- Leasable Area:
- - 3,674.00 Square Feet
- Lot Features:
- - Dead End Street
- - Paved
- Net Operating Income:
- - $48,816.00
- Amenities:
- - Coin Op Laundry
- Gross Adjusted Income:
- - 8772
- Gross Rent Multiplier:
- - 10.85
- Leased Items:
- - None
- Parking Uncovered Spaces:
- - 10
- Power Company:
- - Grant PUD
- Sewer Company:
- - Septic
- Site Features:
- - Fenced-Partially
- - High Speed Internet
- Style Code:
- - 54 - 4-Plex
- Total Expenses:
- - 8907.84
- Total Monthly Income:
- - 4800
- Units Below Grade:
- - false
- Vacancy Rate:
- - 95
- Water Company:
- - Cascade Water
- Water Sewer Garbage:
- - 3832.92
- Zoning Class:
- - Multi-Family
- Open Parking Spaces:
- - 10
- Open Parking Y/N:
- - Yes
- Parcel Number:
- - 120553000
- Possible Use:
- - Multi-Family
- Property Condition:
- - Good
- Security Features:
- - FullyFenced
- Stories Total:
- - 1
- Structure Type:
- - Quadruplex
- Annual Tax Amount:
- - $3,738.00
- Tax Year:
- - 2023
- View Y/N:
- - Yes
- Water Source:
- - Community