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Raymond Gravelle

Raymond Gravelle

Realty Executives Grant County
Moses Lake, WA 98837

509-498-2055 
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Listing 1 out of 24
$699,000 For Sale

68 W Hwy 28
Soap Lake, WA 98851

14 units | Multi Family Home
0.8609 acres - MLS# 364475 Courtesy of Windermere R.E. K-2 Realty
Property Photo
1/6

Description

14 unit apartment complex completely rebuilt in the last 4 years, including new windows, doors, siding, paint and carpets. Mostly new appliances. All units are now completely renovated...only one vacancy as of June 2017.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Grant County
  • Zip Code: 98851
  • Year Built: 1970
  • Subdivision/Neighborhood: Lakeview Park
  • School District: Soap Lake
  • Sq.Ft.: 4,200 sq ft
  • Units: 14 units
  • # of Parking Spaces: 20
  • Lot Size: 0.8609 acres
  • Area: Soap Lake
  • Area Number: 291
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Cap Rate - NOI div LP: 8.89
  • Electrical Expenses: $6360
  • Energy Source(heat): Electric, Oil
  • Exterior: Wood Products
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Commercial
  • Gross Adjusted Income: $79236
  • Gross Rent Multiplier: $8
  • Gross Scheduled Income: $85200
  • Heating Expenses: $300
  • Heating/Cooling: Baseboard, Wall
  • Insurance Expenses: $2060
  • Lot Details: Paved Street
  • Lot Dimensions: 250x150
  • Net Operating Income: $62121
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 20
  • Other Expenses: $3420
  • Power Company: Grant County Pud
  • Rent Unit 1: $500
  • Rent Unit 2: $500
  • Rent Unit 3: $500
  • Rent Unit 4: $500
  • Rent Unit 5: $500
  • Rent Unit 6: $475
  • Roof: Composition
  • Sewer Company: Septic
  • Site Features: Cable TV, High Speed Internet, Outbuildings, RV Parking, Shop
  • Square Feet Unit 1: 250
  • Square Feet Unit 2: 250
  • Square Feet Unit 3: 250
  • Square Feet Unit 4: 250
  • Square Feet Unit 5: 250
  • Square Feet Unit 6: 250
  • Total Expenses: $17115, $17115
  • Total Monthly Income: $6575
  • Vacancy Rate: 7
  • Water Company: Lakeview Park
  • Water/Sewer/Garbage: 2196
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 comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Realty Executives Grant County are marked with the BR 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 2019-01-20

Terms of Usage Agreement

Raymond Gravelle, Realtor®
Realty Executives Grant County
8420 Aspi Blvd suite #5
Moses Lake, WA 98837
Phone: 509-498-2055
Email: yourteam@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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