Bought with Pellego, Inc.
$1,100,000
$1,190,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
7,500 Sqft Lot
SOLD DATE : 04/28/2022
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Peninsula
MLS Listing ID 1836675
Sold Date 04/28/22
Style 56 - 10+ Units
Year Built 1948
Annual Tax Amount $6,383
Lot Size 7,500 Sqft
Property Description
True value-add multifamily opportunity consisting of 3 buildings. There are 2 triplexes and 1 fourplex. The properties are centrally located in Moses Lake and each is adjacent to the next. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors significant rental upside and opportunities for utility bill-back and charging for laundry. A 52% increase in rental income is estimated. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Avg. Asking Rent growth. Seller Financing only. -20% Down -5% Interest -I/O payments -3 to 5 Yr. Term -30 Yr. Amortization -Individual Prom. Notes for each property
Location
State WA
County Grant
Area 296 - Peninsula
Interior
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available High Speed Internet, Sewer Connected, Electric
Amenities Available Fenced-Partially, High Speed Internet
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Moses Lake
Others
Senior Community No
Acceptable Financing Owner Financing
Listing Terms Owner Financing
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