Number of Units:   9
Vacancy Rate:   11.00

Financial
Electrical Expenses:   $1,009
Water/Sewer/Garbage:   $10,944
Insurance Expenses:   $5,105
Other Expenses:   $10,428
Total Expeses:   $31,596
Total Monthly Income:   $7,375
Net Operating Income:   $41,583
Gross Adjusted Income:   $83,247
Gross Scheduled Income:   $88,500
Cap Rate (NOI / Listing Price):   $6.65
Gross Rent Multiplier:   $7.00

-= Building Details =-

Year Built:   1965
Effective Year Built:   1965
Effective Year Built Source:   See Remarks
Number of Stories:   2
Amenities:   Coin Op Laundry
Roof:   Composition
Exterior:   Brick, Metal/Vinyl
Foundation:   Poured Concrete
Approx. Sq Ft:   7,976
Leased Items:   Washer/Dryer

-= Unit Details =-

-= Site Details =-

Lot Size:   18,199 Sq Ft
Lot Details:   Alley, Curbs, Paved, Sidewalk

Utilities
Energy Source:   Electric
Power Company:   Avista
Sewer Company:   Colville
Water Company:   Colville
Water Source:   Public

Parking
Number of Carport Spaces:   8
Number of Uncovered Parking Spaces:   8
Total Number of Parking Spaces:   16

-= Location Information =-

Address:   513 E 1st Avenue, Colville, WA 99114
City:   Colville
State:
Zip Code:   99114
Latitude:   48.54470400
Longitude:   -117.89952400
Driving Directions:   Colville Hwy 395 Main St to E 1st Ave. east on East 1st Ave. follow to address.

-= Community Information =-

Community Name: Colville
School District: Colville

-= Assessor Information =-

County:   Stevens
Tax Number:   0111200
Zoning Jurisdiction:   City
Tax Amount:   $4,110   Tax amount may change after sale.
Tax Year:   2024

-= Purchase Information =-

Listing Price:   $624,900
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2427504
Listing Status:   Contingent
Listing Office:   Ken Barcus Realty
Listing Date:   2025-09-04
Contingent Date:   2025-09-04
MLS Area:   Stevens County
Square Footage Source:   Realist
Marketing Remarks:   Great investment opportunity in the heart of Colville. 8-2 bedroom/1bath units; 4 down and 4 up together with a studio unit up and the space for 1 to be built out down. Laundry facility onsite plus covered carport parking off the alley. Oversized lot offers room to expand with paved streets to the West and South with alley access from the North.

-= 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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