600 Douglas St - Multi-Family FOR SALE


Wenatchee, WA 98801
$1,100,000 USD
509-670-6204
600 Douglas St, Wenatchee, WA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/80
null | 9.77% Cap Rate

600 Douglas St
Wenatchee, WA 98801


HIGHLIGHTS

  • 100% occupany/fully rented
  • Located in the Wenatchee Historic District
  • Tenants have walking distance to Healthcare (next door), grocery stores, Link Transit bus routes, restaurants, and downtown shopping.

OVERVIEW

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% 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. Financials & Leases available upon request. Preliminary Title at Fig Title in Wenatchee with Christi Coffman.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

9

PRICE/UNIT

$122,222

CAP RATE

9.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

600 Douglas St and 612 Idaho St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

7

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

222010590664

ASK ABOUT THIS PROPERTY

Paul HarrisonColdwell Banker LaVigneMore Info
509-670-6204

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Paul HarrisonColdwell Banker LaVigneMore Info
509-670-6204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.