667 4th I & J Street NE Unit #I & J, East Wenatchee, WA 98802

$1,800,000
9,016
SqFt

Listing courtesy of CB Cascade - Lake Chelan.

List Price
$1,800,000
Status
ACTIVE
MLS#
2286118
Days on Market
47
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
9,016
Area Total SqFt
9016
Annual Tax Ammount
9362
Lot Size (sq ft)
20,473
Sewer
Sewer Connected

Property Description

Excellent investment property centrally located in East Wenatchee, WA, consisting of two well maintained 4-Plex buildings. Very strong rental history with excellent tenants. Each unit has 2 bedrooms, 1 full bath, full kitchen with all appliances, washer and dryer, deck or patio, as well as storage closet and covered parking for each unit. Year end financial for 2023 as well as actual year to date financial for 2024 are available upon request.

Additional Information

List Date
2024-08-03 12:49:46
Community
East Wenatchee
Net Operating Income
$120,038
Gross Adjusted Income
$149,460
Gross Scheduled Income
$149,460
Total Monthly Income
$12,455
Insurance Expenses
$5,900
Water/Sewer/Garbage Expenses
$10,740
Gross Rent Multiplier
12
Total Expenses
$29,422
Cap Rate
6
Total Number of Units
8
Unit Name
667
Potential Terms
Cash Out, Conventional
Year Built
1994
View
Territorial
Roof
Composition
Site Features
Deck
Electric Expenses
420
Other Expenses
3000
Energy Source
Electric
School District
Eastmont
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
Total Monthly Income
$12,455
Gross Scheduled Income
$149,460
Gross Adjusted Income
$149,460
Tax Year
2024
Insurance Expense
$5,900
W/S/G Expenses
$10,740
Total Expenses
$29,422
Net Operating Income
$120,038
Gross Rent Multiplier
12
Cap Rate
6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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