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(509) 393-9327
Real Estate Company
2500 Sunset Hwy, East Wenatchee, WA 98802
- $629,000
- 2,689
- SqFt
Listing Broker: Nick McLean Real Estate Group; Heidi Nobles; 509-423-8647; heidi@nickmclean.com
- List Price
- $629,000
- Status
- FIRST LOOK
- MLS#
- 2597751
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,689
- Area Total SqFt
- 2689
- Annual Tax Ammount
- 2988
- Lot Size (sq ft)
- 13,457
- Sewer
- Septic Tank
Property Description
This exceptionally well maintained duplex is a perfect investment opportunity, or an owner occupied investment property. The upper unit features three spacious bedrooms along with one and three quarter bathrooms, living room with wood burning stove. The lower unit provides two bedrooms, two separate living areas, and one full bath. Each unit includes its own private entrance, dedicated laundry, and a fully fenced yard with irrigation, and separate outbuildings for additional storage. Historically rented out at below market rent due to long-term tenants. Current CAP rate is lower than actual CAP rate due to the history. This investment property has been impeccably maintained featuring a roof replaced in 2011, new carpets, regularly serviced water heaters, updated electrical panels, and newer windows throughout, including two brand new windows installed in the lower unit. Ready to rent or move in immediately without the hassle of renovations.
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Additional Information
- Community
- East Wenatchee
- Net Operating Income
- $35,934
- Gross Adjusted Income
- $41,400
- Gross Scheduled Income
- $41,400
- Total Monthly Income
- $4,000
- Insurance Expenses
- $1,938
- Water/Sewer/Garbage Expenses
- $540
- Gross Rent Multiplier
- 15.19
- Total Expenses
- $5,466
- Cap Rate
- 5.71
- Total Number of Units
- 2
- Unit Name
- 2500
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1952
- View
- City, Mountains, River, Territorial
- Roof
- Composition, Metal
- Site Features
- Deck, Fenced-Fully, High Speed Internet, Outbuildings, Sprinkler System
- Energy Source
- Electric
- School District
- Eastmont
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,000
- Gross Scheduled Income
- $41,400
- Gross Adjusted Income
- $41,400
- Tax Year
- 2025
- Insurance Expense
- $1,938
- W/S/G Expenses
- $540
- Total Expenses
- $5,466
- Net Operating Income
- $35,934
- Gross Rent Multiplier
- 15.19
- Cap Rate
- 5.71
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.