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Property Details for 430 NE 1st Ave Soap Lake WA 98851

MLS # : 1280684

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Property Photo MLS #: 1280684
430 NE 1st Ave Soap Lake WA 98851
Listing Number:   1280684
Listing Price:   $199,800
Number of Units:   5
Lot Size:   18,000 Sq Ft
Total Parking Spaces:   12

Katz Realty, Inc.
509-725-1701
Courtesy:   Windermere R.E. K-2 Realty
-= Complex Details =-
Number of Units:   5
Vacancy Rate:   5.00

Financial
Electrical Expenses:   $1,400
Water/Sewer/Garbage:   $7,200
Insurance Expenses:   $1,200
Other Expenses:   $2,400
Total Expeses:   $13,978
Total Monthly Income:   $2,575
Net Operating Income:   $15,377
Gross Adjusted Income:   $29,355
Gross Scheduled Income:   $30,900
Cap Rate (NOI / Listing Price):   $0.07
Gross Rent Multiplier:   $6.00

Unit Rents
Rent Unit 1:   $375
Rent Unit 2:   $500
Rent Unit 3:   $325
Rent Unit 4:   $500
Rent Unit 5:   $500
Rent Unit 6:   $375
-= Building Details =-
Year Built:   1930
Building Condition:   Fair
Style:   - 5-9 Units
Number of Stories:   1
Amenities:   Coin Op Laundry
Roof:   Composition
Exterior:   Wood
Floor Covering:   Laminate Hardwood, Vinyl, Wall to Wall Carpet
Foundation:   Poured Concrete
Heating & Cooling:   Baseboard, Wall
Leased Items:   Washer/Dryer
-= Unit Details =-
Unit 1
Description Unit 1:   1
Sq Ft Unit 1:   568
Bedrooms Unit 1:   1
Bathrooms Unit 1:   1.00
Range/Oven Unit 1:   Yes

Unit 2
Description Unit 2:   2
Sq Ft Unit 2:   960
Bedrooms Unit 2:   1
Bathrooms Unit 2:   1.00
Range/Oven Unit 2:   Yes

Unit 3
Description Unit 3:   3
Sq Ft Unit 3:   472
Bedrooms Unit 3:   1
Bathrooms Unit 3:   1.00
Range/Oven Unit 3:   Yes

Unit 4
Description Unit 4:   4
Sq Ft Unit 4:   400
Bedrooms Unit 4:   1
Bathrooms Unit 4:   2.00
Range/Oven Unit 4:   Yes

Unit 5
Description Unit 5:   5
Sq Ft Unit 5:   960
Bedrooms Unit 5:   2
Bathrooms Unit 5:   2.00
Range/Oven Unit 5:   Yes

Unit 6
Description Unit 6:   6
Sq Ft Unit 6:   400
Bedrooms Unit 6:   1
Bathrooms Unit 6:   1.00
Range/Oven Unit 6:   Yes
-= Site Details =-
Lot Size:   18,000 Sq Ft
Lot Size Source:   County Records
Lot Dimensions:   150x125
Lot Details:   Alley, Paved Street

Utilities
Energy Source:   Electric
Power Company:   Grant PUD
Sewer Company:   City
Water Company:   City of Soap Lake
Water Source:   Public

Parking
Number of Uncovered Parking Spaces:   8
Total Number of Parking Spaces:   12
-= Location Information =-
Address:   430 NE 1st Ave
City:   Soap Lake
State:   WA
Zip Code:   98851
Latitude:   47.39055200
Longitude:   -119.48195200
Driving Directions:   Main St to 1st Ave, go East to the property on your left.
-= Community Information =-
Community Name:   Soap Lake
School District:   Soap Lake
Elementary School:   Soap Lake Elem
Junior High School:   Soap Lake Mid & High
Senior High School:   Soap Lake Mid & High
-= Assessor Information =-
County:   Grant
Tax Number:   081655000
Lot Number:   13-15
General Zoning Classification:   Multi-Family
Zoning Jurisdiction:   City
Tax Amount:   $1,778   Tax amount may change after sale.
Tax Year:   2018
-= Purchase Information =-
Listing Price:   $199,800
Potential Terms:   Cash Out, Conventional
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Closing
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   Yes
-= MLS Listing Details =-
Listing Number:   1280684
Listing Status:   Active
Listing Office:   Windermere R.E. K-2 Realty
Listing Date:   2018-04-26
Cumulative Days on Market*:   24
MLS Area:   291
Lot Size Source:   County Records
Marketing Remarks:   Here is an opportunity to purchase 5 cabins in Soap Lake with great rental history. These are located two blocks from the lake, with excess property to add more cabins. These do need some work, so be ready to bring a tool belt and your skills to make these more desirable and potential for more income.
-= 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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