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Property Details for 332 Terminal Ave Wenatchee WA 98801

MLS # : 1334022

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Property Photo MLS #: 1334022
332 Terminal Ave Wenatchee WA 98801
Listing Number:   1334022
Listing Price:   $525,000
Number of Units:   4
Lot Size:   11,326 Sq Ft
Total Parking Spaces:   10

Katz Realty, Inc.
509-725-1701
Courtesy:   Coldwell Banker Lavigne
-= Complex Details =-
Number of Units:   4
Vacancy Rate:   5.00

Financial
Water/Sewer/Garbage:   $7,072
Insurance Expenses:   $3,180
Total Expeses:   $14,580
Total Monthly Income:   $5,450
Net Operating Income:   $50,820
Gross Adjusted Income:   $50,820
Gross Scheduled Income:   $65,400
Cap Rate (NOI / Listing Price):   $9.68
Gross Rent Multiplier:   $8.00

Unit Rents
Rent Unit 1:   $850
Rent Unit 2:   $800
Rent Unit 3:   $850
Rent Unit 4:   $900
Rent Unit 5:   $450
Rent Unit 6:   $400
-= Building Details =-
Year Built:   1992
Effective Year Built:   1992
Effective Year Built Source:   PR
Building Condition:   Average
Style:   - 4-Plex
Number of Stories:   1
Amenities:   Coin Op Laundry, Storage
Roof:   Composition
Exterior:   Wood Products
Floor Covering:   Vinyl, Wall to Wall Carpet
Foundation:   Slab
Approx. Sq Ft:   4,688
Heating & Cooling:   Baseboard, Wall
Leased Items:   None
-= Unit Details =-
Unit 1
Description Unit 1:   1
Sq Ft Unit 1:   1,200
Bedrooms Unit 1:   2
Bathrooms Unit 1:   1.50
Range/Oven Unit 1:   Yes

Unit 2
Description Unit 2:   2
Sq Ft Unit 2:   1,200
Bedrooms Unit 2:   2
Bathrooms Unit 2:   1.50
Range/Oven Unit 2:   Yes

Unit 3
Description Unit 3:   3
Sq Ft Unit 3:   1,200
Bedrooms Unit 3:   2
Bathrooms Unit 3:   1.50
Range/Oven Unit 3:   Yes

Unit 4
Description Unit 4:   4
Sq Ft Unit 4:   1,200
Bedrooms Unit 4:   2
Bathrooms Unit 4:   1.50
Range/Oven Unit 4:   Yes

Unit 5
Description Unit 5:   Studio
Bathrooms Unit 5:   1.00
Range/Oven Unit 5:   Yes

Unit 6
Description Unit 6:   RV 1
Range/Oven Unit 6:   No
-= Site Details =-
Lot Size:   11,326 Sq Ft
Lot Size Source:   Assessor/Tax Roll
Lot Details:   Paved Street
View:   Mountain, Territorial

Utilities
Energy Source:   Electric
Water Source:   Public

Parking
Number of Uncovered Parking Spaces:   10
Total Number of Parking Spaces:   10
-= Location Information =-
Address:   332 Terminal Ave
City:   Wenatchee
State:   WA
Zip Code:   98801
Latitude:   47.39844800
Longitude:   -120.30673100
Driving Directions:   South on Methow, left on Terminal
-= Community Information =-
Community Name:   Wenatchee
School District:   Wenatchee
Elementary School:   Abraham Lincoln Elem
Junior High School:   Buyer To Verify
Senior High School:   Wenatchee High
-= Assessor Information =-
County:   Chelan
Tax Number:   222015680110
General Zoning Classification:   Multi-Family, Residential
Zoning Jurisdiction:   City
Tax Amount:   $4,380   Tax amount may change after sale.
Tax Year:   2018
-= Purchase Information =-
Listing Price:   $525,000
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:   1334022
Listing Status:   Offer Pending
Listing Office:   Coldwell Banker Lavigne
Co-listing Office:   Coldwell Banker Lavigne
Listing Date:   2018-07-27
Cumulative Days on Market*:   22
Pending Date:   2018-08-09
MLS Area:   971
Lot Size Source:   Assessor/Tax Roll
Marketing Remarks:   AMAZING INVESTMENT OPPORTUNITY!!! A true 4-plex with steady rent streams in these 2 bed, 1.5 bath 1200 sq. ft.units. Complex office is currently rented as a studio apartment. Four RV storage pads add the income producing potential of this property. There is also a coin operated laundry room to add yet 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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