Seller Financing
Listing Provided Courtesy Of:
Kidder Mathews and NWMLS
Address
1035 W Columbia Avenue Moses Lake, WA
Price
$ 325,000
Property Attributes
  • ID#1864965
  • TypeMulti-Family
  • CountyGRANT
  • CityMoses Lake
  • AreaPeninsula
  • NeighborhoodMoses Lake
  • Zip98837
  • StyleTri-plex
  • Year Built1948
  • Taxes$ 2274
  • Price$ 325,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1788
  • 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 a 60% 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 $325,000

General Features

Amenities 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 Columbia Ave, turn right onto W Columbia 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 1788
Lot Size Square Feet 7500
MLS Area 296 - Peninsula
Net Operating Income 18420
New Construction No
Open Parking Spaces 4
Possession Closing
Possible Use Residential
Property Style 53 - Tri-plex
Property SubType Multi-Family
Property Type Residential Income
Roof Cedar Shake, Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Columbia
Structure Type Triplex
Subdivision Name Moses Lake
Tax Annual Amount 2274
Tax Year 2021
Terms Owner Financing
Total Units 3
Units Below Grade false
Units In Building Total 3
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Water Sewer Garbage 1596
Year Built 1948
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 1

Exterior Features

Building Area Total 1788
Foundation Details Concrete Ribbon
Irrigation Water Rights Y/N No
Lot Features Alley, Cul-De-Sac, Curbs, Paved, Sidewalk
Lot Size Acres 0.1722
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 4
Site Features Cable TV, Fenced-Partially, High Speed Internet, Shop
Total Parking 4
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
$330K
Taxes
AVG $2,829
$2,274
Visits
AVG 50
6
Year Built
AVG 1958
1948
Walkscore
AVG 31
42
Data Provided by Walkscore ® not using MLS data