Number of Units:   4
Units Below Grade:   1
Features:   Deck, Fenced-Partially, Patio, RV Parking

Financial
Electrical Expenses:   $3,250
Water/Sewer/Garbage:   $1,500
Insurance Expenses:   $2,400
Total Expenses:   $13,700
Total Monthly Income:   $4,800
Net Operating Income:   $43,900
Gross Adjusted Income:   $57,600
Gross Scheduled Income:   $57,600
Cap Rate (NOI / Listing Price):   $8.52
Gross Rent Multiplier:   $9.00

Year Built:   1900
Number of Stories:   3
Amenities:   Basement, See Remarks
Roof:   Composition
Exterior:   Metal/Vinyl, Wood Products
Floor Covering:   Laminate, Vinyl
Foundation:   Poured Concrete
Approx. Sq Ft:   5,170
Leased Items:   None

Lot Size:   15,154 Sq Ft
Lot Size Source:   County
Lot Details:   Corner Lot
View:   Territorial

Utilities
Energy Source:   Electric, Natural Gas
Power Company:   Avista
Sewer Company:   City
Water Company:   City
Water Source:   Public

Parking
Number of Uncovered Parking Spaces:   6
Total Number of Parking Spaces:   7

Address:   401 4th, Davenport, WA 99122
City:   Davenport
State:   
Zip Code:   99122
Latitude:   47.65461400
Longitude:   -118.14684000
Driving Directions:   GPS is reliable. Davenport heading west on Hwy 2 take a right onto 4th. Property is at the corner of Logan and 4th.

Community Name:   Davenport
School District:   Davenport

County:   Lincoln
Tax Number:   0306084001000
Tax Amount:   $3,300   Tax amount may change after sale.
Tax Year:   2025

Listing Price:   $514,900
Potential Terms:   Cash Out, Conventional, FHA
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

Listing Number:   2343003
Listing Status:   Active
Listing Office:   Katz Realty, Inc.
Listing Agent:   Cassandra Becker
Listing Agent:   Cassandra Becker
Agent Phone:   509-768-0482
Agent Email:   
Listing Date:   2025-03-13
MLS Area:   Lincoln County
Lot Size Source:   County
Marketing Remarks:   Discover a prime investment with this charming multi-family residence. This property features 6 spacious bedrooms and 5 bathrooms across multiple units, each with its own private entrance to ensure tenant privacy. The residence combines the appeal of an older home with modern touches, creating a comfortable environment for living and entertaining. Located within walking distance to Schools, Parks, Medical and Shopping, the property ensures convenient access to daily essentials. Abundant off-street parking adds to the convenience, making it an attractive choice for tenants. This property boasts a strong rental history and holds excellent potential for income growth, making it an attractive option for investors.

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.