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Listed by: Brian Richardson | Kidder Mathews
Sold Apr 27, 2022
$1,100,000
1033 Columbia Avenue, Moses Lake WA
beds
baths
$146.67/sq ft
11 days on rennie216 cumulative days on market
1836675MLS ®
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
property details
Residential IncomeProperty type | |||
1948Year built | |||
7,500 ft²Lot area SF | |||
$6,383Taxes 2022 | |||
PavedFeatures included | |||
| Area | Peninsula | ||
| Sub area | Peninsula | ||
| Listed by | Kidder Mathews | ||
| rennie last checked | September 06, 2024 at 03:12pm | ||
| Last updated | September 05, 2024 at 12:53pm | ||
| Cumulative days on market | 216 days | ||
| Closed Date | April 27, 2022 | ||
| Source | NWMLS, MLS # 1836675 |  | |