600 Douglas Street
$1,100,000
600 Douglas Street, Wenatchee, WA 98801
9.77
Cap Rate
107,449
NOI
Details:
Highlights:
- Annual Tax: $ 4777.0
- Gross Income: $ 139800.0
- Age: Over 50 Years Old
- Appliances: Refrigerator
- Cooling: Wall Unit A/C
- Exterior Description: Wood Siding
- Heating Fuel Type: Electric
- Lot Description: Corner
- Lot Size: Under 1/2 Acre
- Roof: Composition Shingle
- Sewer: City
- Water: City Water
Description:
From Orondo Avenue. North on Idaho St. On corner of Douglas and Idaho. Look for signs.
The Financials are strong with this one!! Nine-unit complex in Wenatchee's Historic District now available for purchase. Currently at 100% occupancy and fully leased, this investment property brings in over $11,000 in rents per month. Additional income from coin-op laundry too. ***That's a 10.3% NET CAP RATE & 7.87 GROSS RENT MULTIPLIER*** Common area and most units have been recently remodeled. Nine-unit complex spans three addresses: 600 Douglas St, 608 Douglas St, and 612 Idaho St. Every unit is separately metered. Additional benefits include garage for on-site storage and large basement where laundry and more storage is located. One of the tenants is an on-site groundskeeper who does upkeep of property and cleans units for new tenants at time of move out. He does all this for slightly reduced rent and would like to continue for the new owners. Huge benefit in this!! Central location gives tenants walking accessibility to Healthcare, grocery stores, restaurants and entertainment. Financials and leases available upon request. 48-hour minimum notice for showings. Do not disturb tenants.
Listing ID: 776fc066-b524-472e-a6d9-0ea8dcf3ba6b
Location
Gallery
