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
Listing courtesy of
Kidder Mathews
Features
: 1
: Composition
: 6
: Unfurnished
: Curbs, Paved, Sidewalk
: Wood
: High Speed Internet, Fenced-partially
: Forced Air
: High Speed Internet, Electricity Available, Sewer Connected
: Electric
: Closing
: Owner Financing
: Electric
: Sewer Connected
Address Map
US
WA
Grant
Moses Lake
98837
Columbia
1033
0
W120° 42' 45.7''
N47° 7' 20.9''
W
Avenue
2
From Interstate-90, take exit 176 for WA-171 N toward I-90 BUS/Moses Lake, continue on WA-171 E. Drive to W Columbia Ave, turn right onto W Columbia Ave
Schools
Moses Lake
Taxes
2022
$6,383
Additional Information
Brian Richardson
$0
$0
Monthly
1210740
NWM128
04/01/2022 22:57:10
1
296 - Peninsula
0
Active
NWM42995
Residential Income For Sale
1033 Columbia, Moses Lake, Washington 98837
0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 50 in 1699 days
$1,190,000
Listing ID #NWM1836675
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NWM1836675
Price : $1,190,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1948
Lot Area : 0.17 Sqft
Structure Type : Multi Family
Status : Active
Total Bathrooms : 0
Community : Peninsula
Property Sub Type : Multi-family
