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Raymond Gravelle

Realty Executives Grant County
Moses Lake, WA 98837

509-771-0027 
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Listing 2 out of 11
$265,000 For Sale

111 N Elder
Soap Lake, WA 98851

3 units | Multi Family Home
8747 sq ft lot - MLS# 1490177 Courtesy of Windermere R.E. K-2 Realty
Property Photo
1/25

Description

3 fully furnished, updated & rented homes, incl linens, dishes, accessories, etc. 2 studio cabins w/beautiful floors & a 1 bed cabin w/sun room, fireplace & partially enclosed carport. Lots of parking, room for RV. Each has its own pergola, porch area & all share a beautiful shaded courtyard & laundry rm. Owner has used it for long term & short term rentals incl traveling nurses & Airbnb. A lot of love, time & money has gone into this property, making it a perfect investment/vacation property.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Grant County
  • Zip Code: 98851
  • Year Built: 1930
  • School District: Soap Lake
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • Sq.Ft.: 1,636 sq ft
  • Units: 3 units
  • # of Parking Spaces: 4
  • Lot Size: 8747 sq ft lot
  • Area: Soap Lake
  • Amenities: Basement, Storage
  • Area Number: 291
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bedrooms Unit 1: 1
  • Building Condition: Remodeled
  • Cap Rate - NOI div LP: 6.00
  • Electrical Expenses: $1247
  • Energy Source(heat): Electric
  • Exterior: Brick, Stucco, Wood Products
  • Floor Covering: Hardwood, Laminate Hardwood, Vinyl
  • Foundation: Slab
  • General Zoning Class: Residential
  • Gross Adjusted Income: $24651
  • Gross Rent Multiplier: $11
  • Gross Scheduled Income: $24900
  • Insurance Expenses: $1067
  • Lot Details: Alley, Corner Lot, Curbs, Paved Street, Sidewalk
  • Net Operating Income: $14677
  • Number of Carport Spaces: 1
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 3
  • Other Expenses: $4053
  • Power Company: Grant County Pud
  • Rent Unit 1: $935
  • Rent Unit 2: $650
  • Rent Unit 3: $490
  • Roof: Composition
  • Sewer Company: City Of Soap Lake
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking
  • Square Feet Unit 1: 904
  • Square Feet Unit 2: 336
  • Square Feet Unit 3: 396
  • Total Expenses: $9974, $9974
  • Total Monthly Income: $2075
  • Vacancy Rate: 1
  • Water Company: City Of Soap Lake
  • Water Source: Public
  • Water/Sewer/Garbage: 2949
Courtesy of Windermere R.E. K-2 Realty
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Realty Executives Grant County are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-20

Terms of Usage Agreement

Raymond Gravelle, Realtor®
Realty Executives Grant County
8420 Aspi Blvd suite #5
Moses Lake, WA 98837
Phone: 509-771-0027
Email: raymond@grantcountyproperties.com

Testimonials

My wife and I greatly appreciated the level of service we received from Raymond and his team. We did a remote-purchase (3 hour drive away) and they were proactively communicative and handled all our requests perfectly. Highly recommend working with them if you're looking to buy anywhere in the  Grant County area. dschlick
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