Seller Financing
Listing Provided Courtesy Of:
Kidder Mathews and NWMLS
Address
1046 W Cascade Avenue Moses Lake, WA
Price
$ 340,000
Property Attributes
  • ID#1864960
  • TypeMulti-Family
  • CountyGRANT
  • CityMoses Lake
  • AreaPeninsula
  • NeighborhoodMoses Lake
  • Zip98837
  • Style4-Plex
  • Year Built1947
  • Taxes$ 1633
  • Price$ 340,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2390
  • Lot Size7,501 SqFt
Listing Provided Courtesy Of:
Kidder Mathews and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Value-Add triplex that's centrally located in Moses Lake that is part of a 10-unit multifamily portfolio being sold. The property has been painted and a new roof in the last five years. This opportunity offers investors an asset with significant rental upside. It's estimated that a 79% increase in rent is feasible due to current rents being significantly under market. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Average Asking Rent growth. All tenants are MTM Seller Financing ONLY. - 20% Down, 5% Interest, 3 Yr. term. Part of listing #1836675 (SELLER PREFERS PORTFOLIO BE SOLD TOGETHER)

Price History
11/16/2021 Listed $340,000

General Features

Amenities Basement, Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Moses Lake
County Grant
Directions From Interstate-90, take exit 176 for WA-171 N toward I-90 BUS/Moses Lake, continue on WA-171 E. Drive to W Cascade Ave, turn right onto W Cascade Ave
Exterior Features Wood, Wood Products
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
High School District Moses Lake
Insurance Expense 1050
Interior Features Wall to Wall Carpet
Leasable Area 2390
Lot Size Square Feet 7500
MLS Area 296 - Peninsula
Net Operating Income 18567
New Construction No
Open Parking Spaces 2
Possession Closing
Possible Use Residential
Property Style 54 - 4-Plex
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Cascade
Structure Type Quadruplex
Subdivision Name Moses Lake
Tax Annual Amount 1633
Tax Year 2021
Terms Owner Financing
Total Units 3
Units Below Grade true
Units In Building Total 3
Utilities Cable Connected, Sewer Connected, Electricity Available
Water Sewer Garbage 1550
Year Built 1947
Zoning Class Residential

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 2

Exterior Features

Building Area Total 2390
Foundation Details Concrete Ribbon
Irrigation Water Rights Y/N No
Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres 0.1722
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 2
Site Features Cable TV, Fenced-Partially, Patio
Total Parking 2
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98837

Price
AVG $780K
$340K
Taxes
AVG $2,829
$1,633
Visits
AVG 50
11
Year Built
AVG 1958
1947
Walkscore
AVG 31
42
Data Provided by Walkscore ® not using MLS data

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