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Property Details for 428 Division S Soap Lake WA 98851

MLS # : 1370446

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Property Photo MLS #: 1370446
428 Division S Soap Lake WA 98851
Listing Number:   1370446
Listing Price:   $249,000
Number of Units:   12
Lot Size:   22,216 Sq Ft
Total Parking Spaces:   12

Katz Realty, Inc.
509-725-1701
Courtesy:   Realty Executives Grant County
-= Complex Details =-
Number of Units:   12
Vacancy Rate:   90.00

Financial
Electrical Expenses:   $6,529
Water/Sewer/Garbage:   $12,845
Total Expeses:   $6,529
Total Monthly Income:   $45,261
Net Operating Income:   $45,261
Gross Adjusted Income:   $45,261
Gross Scheduled Income:   $65,700
Cap Rate (NOI / Listing Price):   $18.00
Gross Rent Multiplier:   $37.00
-= Building Details =-
Year Built:   1958
Building Condition:   Fair
Style:   - 4-Plex
Number of Stories:   1
Roof:   Built-Up
Exterior:   Metal/Vinyl
Floor Covering:   Laminate Hardwood
Foundation:   See Remarks
Heating & Cooling:   Baseboard, Wall
Leased Items:   Washer/Dryer
-= Unit Details =-
-= Site Details =-
Lot Size:   22,216 Sq Ft
Lot Size Source:   county records
Lot Details:   Alley, Curbs, Paved Street

Utilities
Energy Source:   Electric
Power Company:   PUD
Sewer Company:   Soap Lake
Water Company:   Soap Lake

Parking
Number of Uncovered Parking Spaces:   12
Total Number of Parking Spaces:   12
-= Location Information =-
Address:   428 Division S
City:   Soap Lake
State:   WA
Zip Code:   98851
Latitude:   47.38524300
Longitude:   -119.48987700
Driving Directions:   From Hwy 28 , left on Division ,property is fenced on right
-= Community Information =-
Community Name:   Soap Lake
School District:   Soap Lake
Elementary School:   Buyer To Verify
Junior High School:   Buyer To Verify
Senior High School:   Buyer To Verify
-= Assessor Information =-
County:   Grant
Tax Number:   080418000
Lot Number:   4
General Zoning Classification:   Multi-Family
Zoning Jurisdiction:   City
Tax Amount:   $1,065   Tax amount may change after sale.
Tax Year:   2018
-= Purchase Information =-
Listing Price:   $249,000
Potential Terms:   Cash Out
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:   1370446
Listing Status:   Active
Listing Office:   Realty Executives Grant County
Listing Date:   2018-10-03
Cumulative Days on Market*:   14
MLS Area:   291
Lot Size Source:   county records
Marketing Remarks:   RV park , has 4 older mfh that have been remodeled, 7 RV spaces and 1 bed 1 bth apt , with full occupancy (generally year round not seasonal) income is 65,700 with a net of 45,621 for a cap rate 18%, coin op laundry facility , located on appx. half acre a few blocks from the Lake. This is a little money maker!
-= 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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