227 E Main Ave

    Soap Lake, WA 98851
    • $675,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: 1257664
    $675,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,094
      SQFT
    • $61
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere R.E. K-2 Realty.

    Description

    The Corsican Apartments in downtown Soap Lake! A great opportunity to own income-producing property! 16 rentable units, including 1 studio, 8 1-bedroom units, 4 2-bedroom units, and 3 commercial street side spaces. 17 total beds, 13 total baths. Re-roofed in 2017.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robert Ott Group | RE/MAX are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-27T00:18:59.547.

    www.robertott.net/homes/81567474

    227 E Main Ave Soap Lake, WA 98851

    • Price: $675,000
    • Status: Active
    • ID#: 1257664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    11,094
    SQFT
    $61
    $/SQFT
    1930
    Built
    Neighborhood:
    Soap Lake
    County:
    Grant
    Area:
    North Central Grant County
    School District:
    Soap Lake
    Property Description
    The Corsican Apartments in downtown Soap Lake! A great opportunity to own income-producing property! 16 rentable units, including 1 studio, 8 1-bedroom units, 4 2-bedroom units, and 3 commercial street side spaces. 17 total beds, 13 total baths. Re-roofed in 2017.
    Exterior Features

    Building Condition Fair Carport Spaces 0 Exterior Stucco Garage Spaces 0 Lot Details CurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 5 Uncovered Spaces 5 View CityLake

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 610 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 621 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 375 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 482 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 494 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 475 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 10.00 Electrical Expenses 2978 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialMulti-Family Gross Adjusted Income 94171 Gross Rent Multiplier 7 Gross Scheduled Income 102360 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4852 Leased Items Washer/Dryer Net Operating Income 67934 New Construction YN No Other Expenses 0 Possession Closing Power Company Grant County Pud Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Soap Lake Site Features High Speed InternetPatio Tax Amount 4292 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 26237 Total Expenses TEX 26237 Total Monthly Income 9124 Unit1 Monthly Rent 675 Unit2 Monthly Rent 550 Unit3 Monthly Rent 450 Unit4 Monthly Rent 575 Unit5 Monthly Rent 550 Unit6 Monthly Rent 500 Vacancy Rate 92 Water Company City Of Soap Lake Water Sewer Garbage 14115 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Robert Ott Group | RE/MAX and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robert Ott Group | RE/MAX are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-27T00:18:59.547.

     
    The Robert Ott Group | RE/MAX
    1505 NW Gilman Blvd #1
    Issaquah WA, 98027
    Listing Courtesy of Windermere R.E. K-2 Realty.