Number of Units:   20
Features:   Fenced-Partially, High Speed Internet, Outbuildings, Patio, Sprinkler System
Vacancy Rate:   5.00

Financial
Electrical Expenses:   $1,851
Water/Sewer/Garbage:   $12,322
Insurance Expenses:   $10,173
Total Expeses:   $34,764
Total Monthly Income:   $17,110
Net Operating Income:   $194,484
Gross Adjusted Income:   $194,484
Gross Scheduled Income:   $204,720
Cap Rate (NOI / Listing Price):   $7.80
Gross Rent Multiplier:   $12.00

Year Built:   1955
Effective Year Built:   1955
Effective Year Built Source:   Public Records
Building Condition:   Good
Number of Stories:   2
Roof:   Composition
Exterior:   Brick, Wood Products
Floor Covering:   Vinyl, Vinyl Plank, Carpet
Foundation:   Poured Concrete
Approx. Sq Ft:   14,340
Leased Items:   None

Lot Size:   40,590 Sq Ft
Lot Size Source:   County
Lot Details:   Curbs, Paved, Sidewalk
View:   City, Territorial

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

Parking
Number of Uncovered Parking Spaces:   20
Total Number of Parking Spaces:   20

Address:   116 E Hill Avenue, Moses Lake, WA 98837
City:   Moses Lake
State:   
Zip Code:   98837
Latitude:   47.12183100
Longitude:   -119.27363000
Driving Directions:   Property on the corner of Hill & Division Street.

Community Name:   Garden Heights
School District:   Moses Lake
Elementary School:   Buyer To Verify
Junior High School:   Buyer To Verify
Senior High School:   Buyer To Verify

County:   Grant
Tax Number:   100144000
Lot Number:   1
Zoning Jurisdiction:   City
Tax Amount:   $10,418   Tax amount may change after sale.
Tax Year:   2025

Listing Price:   $2,475,000
Potential Terms:   Cash Out, Conventional, FHA, USDA Loan, VA Loan
3rd Party Approval Required:   None
Possession Allowed:   Closing, Subject to Tenant Rights
Preliminary Title Ordered:   Yes

Listing Number:   2416622
Listing Status:   Active
Listing Office:   Nest Realty Company
Co-listing Office:   Nest Realty Company
Listing Date:   2025-08-04
MLS Area:   South Moses Lake
Lot Size Source:   County
Marketing Remarks:   Investment Opportunity! 20 (2 bed 1 bath) units minutes from downtown situated on a large corner lot. Exterior features include new paint, new windows, underground sprinklers with parking in the front & back. Interior features include a laundry area, laminate flooring upgraded in a few units and storage room.

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.