7 Plex Multifamily Opportunity. These like new units have been operating as successful short and mid term rentals. There are four 2 bed/2.5 lake view units at 1332 sq ft each and three 3 bed/2.5 bath units at 1350 sq ft each. All units have high end finishes such as granite and quartz countertops, upgraded cabinets, flooring and 2 tone paint. Laundry is in-unit. Main floor is open concept living with ½ bath. The bedrooms, some with spacious walk in closets and 2 full baths are upstairs. Proforma long term rentals show cap rate of 7%+, cash on cash 4%+. Close to I90, shopping, parks and services. Moses Lake and Grant county continue to have high demand for quality rental units.
MLS# | 2335852 |
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Listing Type | For Sale |
Style | Town House |
Building Name | F&S Lakeview Prop LLC |
Sub-Type | Resale |
Status | Active |
Year | 2021 |
Days On Site | 63 |
Listing Provided By | Moses Lake Realty Group | Lorene Fitterer |
SQ Feet | 9,378 |
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Story(s) | 2 |
Units | 7 |
Zoning | Multi-Family |
Acreage | 0.34 |
Property View | Yes |
State | WA |
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County | Grant |
City | Moses Lake |
Zip Code | 98837 |
Area | 296 Peninsula |
Community Name | Peninsula |
School District | Buyer To Verify |
Elementary School | Buyer To Verify |
Middle School | Buyer To Verify |
High School | Buyer To Verify |
Listing VS Median (in Peninsula) | |
Price: $1,675,000 low | high Med: $369,900 SqFt: 9,378 low | high Med: 1,408 $ / SqFt: $179 low | high Med: $263 On site: 63 low | high Med: 25.000000 |