516 1st St , 1-6

    Wenatchee, WA 98801
    • $399,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 1535137
    UPDATED: 30 min ago
    $399,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,143
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Coldwell Banker Lavigne.

    Description

    INVESTORS DREAM!! Potential for SIX -EIGHT units! Crazy income potential! Currently has two 2 units rented (3rd and 2nd levels). Main floor is already gutted and ready for 2-4 units and a garage conversion to total SIX-EIGHT units! Remodeled 2 bedrooms are renting for at least $1k/mo! Cap rate potential is off the charts! You will not find a better multifamily deal in the area! Easy access to downtown, shopping, schools, and parks. Zoned commercial.

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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 Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-18T00:14:13.02.

    www.bhgmckenzie.com/homes/100295147

    516 1st St , 1-6 Wenatchee, WA 98801

    • Price: $399,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 1535137
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,143
    SQFT
    $56
    $/SQFT
    1910
    Built
    Neighborhood:
    Wenatchee
    County:
    Chelan
    Area:
    Wenatchee
    Elementary School:
    Wash Elem
    Middle School:
    Pioneer Mid
    High School:
    Wenatchee High
    School District:
    Wenatchee
    Property Description
    INVESTORS DREAM!! Potential for SIX -EIGHT units! Crazy income potential! Currently has two 2 units rented (3rd and 2nd levels). Main floor is already gutted and ready for 2-4 units and a garage conversion to total SIX-EIGHT units! Remodeled 2 bedrooms are renting for at least $1k/mo! Cap rate potential is off the charts! You will not find a better multifamily deal in the area! Easy access to downtown, shopping, schools, and parks. Zoned commercial.
    Exterior Features

    Building Condition Average Carport Spaces 0 Exterior Wood Products Foundation See Remarks Garage Spaces 2 Lot Details CurbsPaved StreetSidewalk Roof Composition Stories In Building 4 Style 55 - 5-Plex Total Parking Spaces 6 Uncovered Spaces 4 View MountainTerritorial

    Interior Features

    Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 795 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 884 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 745 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 950 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 950 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 600 Unit6 Washer Dryer N Units Below Grade Y

    Property Features

    Amenities Basement Bank Owned No Cap Rate 14.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 59820 Gross Rent Multiplier 7 Gross Scheduled Income 59820 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1500 Leased Items None Net Operating Income 53974 New Construction YN No Other Expenses 0 Possession Closing Power Company Chelan Co Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 10 Sewer Sewer Connected Sewer Company City Of Wenatchee Tax Amount 1490 Tax Year 2019 Terms Cash OutRehab Loan Third Party Approval Required None Total Expenses EXP 5846 Total Expenses TEX 5846 Total Monthly Income 4985 Unit1 Monthly Rent 995 Unit2 Monthly Rent 995 Unit3 Monthly Rent 795 Unit4 Monthly Rent 1100 Unit5 Monthly Rent 1100 Unit6 Monthly Rent 695 Vacancy Rate 10 Water Company City Of Wenatchee Water Sewer Garbage 2856 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 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 Better Homes and Gardens Real Estate McKenzie Group 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 Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-18T00:14:13.02.

     
    Better Homes and Gardens Real Estate McKenzie Group
    19188 Eighth Avenue NE
    Poulsbo WA, 98370
    Listing Courtesy of Coldwell Banker Lavigne.