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Property Details for 726 N Markeson St Chelan WA 98816

MLS # : 1269236

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Property Photo MLS #: 1269236
726 N Markeson St Chelan WA 98816
Listing Number:   1269236
Listing Price:   $3,500,000
Number of Units:   22
Lot Size:   5.56 Acres
Total Parking Spaces:   37

Katz Realty, Inc.
Courtesy:   Realogics Sotheby's Int'l Rlty
-= Complex Details =-
Number of Units:   22
Features:   Deck, Disabled Access, Fenced-Partially, High Speed Internet, Shop, Sprinkler System
Vacancy Rate:   3.00

Electrical Expenses:   $7,600
Water/Sewer/Garbage:   $26,400
Insurance Expenses:   $8,000
Other Expenses:   $21,224
Total Expeses:   $75,487
Total Monthly Income:   $23,785
Net Operating Income:   $201,370
Gross Adjusted Income:   $276,857
Gross Scheduled Income:   $285,420
Cap Rate (NOI / Listing Price):   $5.75

Unit Rents
Rent Unit 1:   $1,075
-= Building Details =-
Year Built:   1967
Effective Year Built:   2017
Effective Year Built Source:   SR
Building Condition:   Remodeled
Style:   - 10+ Units
Number of Stories:   2
Amenities:   Coin Op Laundry, Fire Sprinklers
Roof:   Flat
Exterior:   See Remarks
Floor Covering:   Vinyl, Wall to Wall Carpet
Foundation:   Slab
Approx. Sq Ft:   20,637
Heating & Cooling:   Heat Pump, Wall
Leased Items:   None
-= Unit Details =-
Unit 1
Description Unit 1:   1
Sq Ft Unit 1:   772
Bedrooms Unit 1:   1
Bathrooms Unit 1:   1.00
Range/Oven Unit 1:   Yes

Unit 2
Range/Oven Unit 2:   No

Unit 3
Range/Oven Unit 3:   No

Unit 4
Range/Oven Unit 4:   No

Unit 5
Range/Oven Unit 5:   No

Unit 6
Range/Oven Unit 6:   No
-= Site Details =-
Lot Size:   5.56 Acres
Lot Size Source:   Realist
Lot Details:   Dead End Street, Paved Street
View:   City, Lake, Mountain, Territorial

Energy Source:   Electric
Power Company:   Chelan PUD
Sewer Company:   City of Chelan
Water Company:   City of Chelan
Water Source:   Public

Number of Uncovered Parking Spaces:   37
Total Number of Parking Spaces:   37
-= Location Information =-
Address:   726 N Markeson St
City:   Chelan
State:   WA
Zip Code:   98816
Latitude:   47.84714000
Longitude:   -120.01758800
Driving Directions:   From HWY 97 E, LEFT on W Woodin Ave, LEFT onto N Columbia Street, LEFT onto W Manson Hwy, RIGHT onto N Cedar St, RIGHT onto W Highland Ave, and LEFT onto Markeson, continue uphill. Property at end.
-= Community Information =-
Community Name:   Chelan
School District:   Lake Chelan
Elementary School:   Morgen Owings Elem
Junior High School:   Chelan Mid
Senior High School:   Chelan High
-= Assessor Information =-
County:   Chelan
Tax Number:   272212430200
General Zoning Classification:   Multi-Family
Zoning Jurisdiction:   City
Tax Amount:   $12,263   Tax amount may change after sale.
Tax Year:   2018
-= Purchase Information =-
Listing Price:   $3,500,000
Potential Terms:   Cash Out, Conventional
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Closing, Sub. Tenant's Rights
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   Yes
-= MLS Listing Details =-
Listing Number:   1269236
Listing Status:   Active
Listing Office:   Realogics Sotheby's Int'l Rlty
Co-listing Office:   Realogics Sotheby's Int'l Rlty
Listing Date:   2018-04-09
Cumulative Days on Market*:   221
MLS Area:   961
Lot Size Source:   Realist
Virtual Tour URL:   https://www.lakechelansummit.com
Marketing Remarks:   Newly remodeled TURNKEY 22 units of view apts on 2.78 acres just 1/2 mile from town ctr. Sweeping lake and mt views from top of hill location. Studio to 2BR suites (mostly 1BR) w/slab quartz, luxury vinyl flooring &quality cabinetry. Security cameras & keypad entry. 100% leased w/excellent income. Furnished short term @$2500/mth! Onsite mgr. 3 parking lots. Incl. in sale is 3.45 acre lot to build MF/condos/lux homes w/amazing views. New $45M hospital project 2 miles away as new tenant source.
-= Disclaimer =-
The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.
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