Number of Units:   6

Financial
Electrical Expenses:   $1,200
Water/Sewer/Garbage:   $1,440
Insurance Expenses:   $3,000
Other Expenses:   $2,200
Total Expeses:   $8,842
Total Monthly Income:   $4,820
Net Operating Income:   $48,998
Gross Adjusted Income:   $57,480
Gross Scheduled Income:   $57,480
Cap Rate (NOI / Listing Price):   $9.63
Gross Rent Multiplier:   $9.00

-= Building Details =-

Year Built:   1960
Building Condition:   Fair
Roof:   Composition
Exterior:   Metal/Vinyl, See Remarks, Wood Products
Floor Covering:   Laminate, Vinyl
Foundation:   Pillar/Post/Pier, Slab
Approx. Sq Ft:   1,944
Leased Items:   None

-= Unit Details =-

-= Site Details =-

Lot Size:   29,578 Sq Ft
Lot Size Source:   County Records
Lot Dimensions:   29578
Lot Details:   Corner Lot, Paved
View:   Territorial

Utilities
Energy Source:   Electric
Power Company:   Grant County PUD
Water Company:   Lakeview Water System
Water Source:   Community

-= Location Information =-

Address:   19055 Franklin St. NW, Soap Lake, WA 98851
City:   Soap Lake
State:
Zip Code:   98851
Latitude:   47.37021000
Longitude:   -119.49638300
Driving Directions:   From Soap Lake, go west on Highway 28, property is on the corner of Highway 28 and Franklin Street. Look for signs.

-= Community Information =-

Community Name: Lakeview Park
School District: Soap Lake

-= Assessor Information =-

County:   Grant
Tax Number:   081140000
Lot Number:   11 & 12
Block Number:   3
General Zoning Classification:   Multi-Family
Zoning Jurisdiction:   County
Tax Amount:   $1,002   Tax amount may change after sale.
Tax Year:   2024

-= Purchase Information =-

Listing Price:   $479,000
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2333734
Listing Status:   Active
Listing Office:   Windermere RE K-2 Realty
Listing Date:   2025-02-24
Original Listing Price:   $509,000
MLS Area:   North Central Grant County
Lot Size Source:   County Records
Marketing Remarks:   The "Franklin Place", consists of 6 income-earning spaces which includes 3 RV spaces, 2 singlewides, and 1 small framed house, all on a community well and own septic, on approximately 2/3 of an acre. Frontage along Highway 28 in the growing city of Soap Lake, WA, famous for its healing waters nearby! Schools, shopping, recreation possibilities are all in the area!

-= Multiple Listing Service =-

-= 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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