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Property Details for 1065 W Marina Dr Moses Lake WA 98837

MLS # : 1062880

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Property Photo MLS #: 1062880
1065 W Marina Dr Moses Lake WA 98837
Listing Number:   1062880
Listing Price:   $499,000
Number of Units:   12
Lot Size:   18,750 Sq Ft
Total Parking Spaces:   12

Katz Realty, Inc.
509-725-1701
Courtesy:   Sunset Real Estate
-= Complex Details =-
Number of Units:   12
Vacancy Rate:   1.00

Financial
Electrical Expenses:   $4,200
Water/Sewer/Garbage:   $3,600
Insurance Expenses:   $3,600
Other Expenses:   $250
Total Expeses:   $14,280
Total Monthly Income:   $5,400
Net Operating Income:   $50,520
Gross Adjusted Income:   $50,520
Gross Scheduled Income:   $64,800
Cap Rate (NOI / Listing Price):   $10.00
Gross Rent Multiplier:   $8.00

Unit Rents
Rent Unit 1:   $550
Rent Unit 2:   $550
Rent Unit 3:   $550
Rent Unit 4:   $570
Rent Unit 5:   $550
Rent Unit 6:   $550
-= Building Details =-
Year Built:   1954
Effective Year Built:   1954
Effective Year Built Source:   PR
Building Condition:   Average
Style:   - 10+ Units
Number of Stories:   1
Amenities:   Coin Op Laundry
Roof:   Torch Down
Exterior:   Cement/Concrete
Floor Covering:   Laminate Tile
Foundation:   Slab
Approx. Sq Ft:   6,120
Heating & Cooling:   Wall
Leased Items:   None
-= Unit Details =-
Unit 1
Description Unit 1:   1
Bedrooms Unit 1:   1
Bathrooms Unit 1:   1.00
Range/Oven Unit 1:   Yes

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

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

Unit 4
Description Unit 4:   4
Bedrooms Unit 4:   1
Bathrooms Unit 4:   1.00
Range/Oven Unit 4:   Yes

Unit 5
Description Unit 5:   5
Bedrooms Unit 5:   1
Bathrooms Unit 5:   1.00
Range/Oven Unit 5:   Yes

Unit 6
Description Unit 6:   6
Bedrooms Unit 6:   1
Bathrooms Unit 6:   1.00
Range/Oven Unit 6:   Yes
-= Site Details =-
Lot Size:   18,750 Sq Ft
Lot Size Source:   Public Records
Lot Dimensions:   150 x 125
Lot Details:   Open Space
View:   Territorial

Utilities
Energy Source:   Electric
Power Company:   Grant Co PUD
Septic Approved For:   12 Bedroom Home
Sewer Company:   Septic
Water Company:   City of Moses Lake
Water Source:   Public

Parking
Number of Uncovered Parking Spaces:   12
Total Number of Parking Spaces:   12
-= Location Information =-
Address:   1065 W Marina Dr
City:   Moses Lake
State:   WA
Zip Code:   98837
Latitude:   47.12370300
Longitude:   -119.29286400
Driving Directions:   Broadway south to Marina Dr., take the "Y" in the road about 100 yrds on left.
-= Community Information =-
Community Name:   Moses Lake
Subdivision:   Lewis Elliott Add
School District:   Moses Lake
Senior High School:   Moses Lake High
-= Assessor Information =-
County:   Grant
Tax Number:   101304000
Lot Number:   5-7
General Zoning Classification:   Multi-Family
Tax Amount:   $2,630   Tax amount may change after sale.
Tax Year:   2016
-= Purchase Information =-
Listing Price:   $499,000
Potential Terms:   Cash Out, Conventional
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Closing
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   No
-= MLS Listing Details =-
Listing Number:   1062880
Listing Status:   Offer Pending
Listing Office:   Sunset Real Estate
Listing Date:   2016-12-30
Cumulative Days on Market*:   384
Pending Date:   2017-12-26
MLS Area:   297
Lot Size Source:   Public Records
Marketing Remarks:   Amazing investment property, 12 - Units downtown Moses Lake.
-= 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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