Bought with ZNonMember-Office-MLS
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Key Details
Sold Price $3,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,717 sqft
Price per Sqft $188
Subdivision Wenatchee
MLS Listing ID 1679433
Sold Date 01/14/21
Style 56 - 10+ Units
Year Built 1948
Annual Tax Amount $16,309
Lot Size 1.300 Acres
Property Sub-Type Multi-Family
Property Description
31 Units, 5.7% Cap Rate, Market Cap rate 6.4%,mix of studio,1 & 2-bedroom units,individual air conditioning,7 buildings,many storage lockers & owned coin operated laundry,limited competition & steady rental rate.Upside available with cosmetic updating & increasing rents.Investor could realize an 8% cash return.15 garages & 17 parking spots total 32 spaces,next door to Washington park & minutes to town.
Location
State WA
County Chelan
Area 971 - Wenatchee
Interior
Interior Features Hardwood, Wall to Wall Carpet
Flooring Hardwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Stucco, Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Fenced-Partially, Patio
View Y/N Yes
View Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Cul-De-Sac, Curbs, Dead End Street, Open Space, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Wenatchee
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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