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Property Details for 3956 L.2 Rd NE Moses Lake WA 98837

MLS # : 1349389

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Property Photo MLS #: 1349389
3956 L.2 Rd NE Moses Lake WA 98837
Listing Number:   1349389
Listing Price:   $325,000
Number of Units:   9
Lot Size:   1.32 Acres
Total Parking Spaces:   12

Katz Realty, Inc.
509-725-1701
Courtesy:   Team Up Real Estate LLC
-= Complex Details =-
Number of Units:   9
Features:   Cable TV, Deck, High Speed Internet, Outbuildings, Patio, Shop
Vacancy Rate:   10.00

Financial
Electrical Expenses:   $2,880
Water/Sewer/Garbage:   $960
Insurance Expenses:   $1,560
Other Expenses:   $5,000
Total Expeses:   $13,400
Total Monthly Income:   $3,470
Net Operating Income:   $24,076
Gross Adjusted Income:   $37,476
Gross Scheduled Income:   $41,640
Cap Rate (NOI / Listing Price):   $7.40
Gross Rent Multiplier:   $8.00

Unit Rents
Rent Unit 1:   $350
Rent Unit 2:   $350
Rent Unit 3:   $350
Rent Unit 4:   $350
Rent Unit 5:   $350
Rent Unit 6:   $370
-= Building Details =-
Year Built:   1989
Building Condition:   Good
Style:   - 5-9 Units
Number of Stories:   2
Amenities:   Storage
Roof:   Composition
Exterior:   Wood Products
Foundation:   Poured Concrete
Approx. Sq Ft:   5,520
Heating & Cooling:   Wall
Leased Items:   None
-= Unit Details =-
Unit 1
Description Unit 1:   1
Sq Ft Unit 1:   110
Bedrooms Unit 1:   1
Range/Oven Unit 1:   No

Unit 2
Description Unit 2:   1
Sq Ft Unit 2:   110
Bedrooms Unit 2:   1
Range/Oven Unit 2:   No

Unit 3
Description Unit 3:   1
Sq Ft Unit 3:   110
Bedrooms Unit 3:   1
Range/Oven Unit 3:   No

Unit 4
Description Unit 4:   1
Sq Ft Unit 4:   110
Bedrooms Unit 4:   1
Range/Oven Unit 4:   No

Unit 5
Description Unit 5:   1
Sq Ft Unit 5:   110
Bedrooms Unit 5:   1
Range/Oven Unit 5:   No

Unit 6
Description Unit 6:   1
Sq Ft Unit 6:   160
Bedrooms Unit 6:   1
Range/Oven Unit 6:   No
-= Site Details =-
Lot Size:   1.32 Acres
Lot Size Source:   Public Records
Lot Details:   Open Space, Secluded, Value In Land
View:   Territorial

Utilities
Energy Source:   Electric
Power Company:   Grant County PUD
Sewer Company:   Septic
Water Company:   Well
Water Source:   Individual Well

Parking
Number of Garage Spaces:   2
Number of Uncovered Parking Spaces:   10
Total Number of Parking Spaces:   12
-= Location Information =-
Address:   3956 L.2 Rd NE
City:   Moses Lake
State:   WA
Zip Code:   98837
Latitude:   47.13081200
Longitude:   -119.17740100
Driving Directions:   Driving North on Hwy 17, take a right at Wheeler Road, Left onto L Road, Right onto Road 4, first driveway on right
-= Community Information =-
Community Name:   Moses Lake
School District:   Moses Lake
Elementary School:   Buyer To Verify
Junior High School:   Buyer To Verify
Senior High School:   Buyer To Verify
-= Assessor Information =-
County:   Grant
Tax Number:   190454003
General Zoning Classification:   Multi-Family
Zoning Jurisdiction:   County
Tax Amount:   $3,000   Tax amount may change after sale.
Tax Year:   2018
-= Purchase Information =-
Listing Price:   $325,000
Potential Terms:   Cash Out, Conventional
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Closing, See Remarks
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   Yes
-= MLS Listing Details =-
Listing Number:   1349389
Listing Status:   Active
Listing Office:   Team Up Real Estate LLC
Co-listing Office:   Team Up Real Estate LLC
Listing Date:   2018-08-20
Cumulative Days on Market*:   35
MLS Area:   294
Lot Size Source:   Public Records
Virtual Tour URL:   http://tour.circlepix.com/tour/titan/index.htm?id=5217681&lang=en&version=unbranded&curView=3DModel#.W4AwF5NKgW8
Marketing Remarks:   Investment opportunity! Many income stream options here, house has 8 rooms, 4 bathrooms and 2 kitchens. Could be rented per room, dorm style or can be divided like a duplex. Top and bottom floors have separate entrances. The 2400 square foot shop has a 2 bedroom apartment in it that also offers income potential. Lot is 1.3 acres conveniently located near the wheeler business corridor and close to town. Rents are currently over $3,450 monthly but could be more.
-= 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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