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(509) 255-8072
Nick McLean Real Estate Group
597 Eastmont Avenue, East Wenatchee, WA 98802
- $875,000
- 4,004
- SqFt
Listing Broker: John L. Scott Snohomish; Jimmy Martin; ; Selling Office: Blake Investment Advisors.
- Sold Price
- $875,000
- List Price
- $900,000
- Status
- SOLD
- MLS#
- 2229015
- Closing Date
- Dec 16, 2024
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 4,004
- Area Total SqFt
- 4004
- Annual Tax Ammount
- 5376
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Meticulously well maintained Ridgeview Court 4-plex in the heart of East Wenatchee. Each unit offers a large 1000sqft, 2 bedroom 1 bathroom layout. All units have been renovated in the last year and a half, updated luxury vinal plank flooring, new carpet in bedrooms, new interior paint, upgraded appliances and fixtures. Coin operated laundry for additional monthly income. Each unit has 1 covered parking spot with 3 open parking spots for the building. Conveniently located close to Eastmont Middle & High School, East Wenatchee mall, Costco & Safeway.
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Additional Information
- Community
- East Wenatchee
- Net Operating Income
- $52,380
- Gross Adjusted Income
- $70,200
- Gross Scheduled Income
- $70,200
- Total Monthly Income
- $5,950
- Insurance Expenses
- $2,004
- Water/Sewer/Garbage Expenses
- $2,520
- Gross Rent Multiplier
- 12.8
- Total Expenses
- $17,820
- Cap Rate
- 5.8
- Total Number of Units
- 4
- Unit Name
- 597
- Potential Terms
- Cash Out, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 2001
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 504
- Other Expenses
- 7416
- Energy Source
- Electric
- School District
- Eastmont
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,950
- Gross Scheduled Income
- $70,200
- Gross Adjusted Income
- $70,200
- Tax Year
- 2024
- Insurance Expense
- $2,004
- W/S/G Expenses
- $2,520
- Total Expenses
- $17,820
- Net Operating Income
- $52,380
- Gross Rent Multiplier
- 12.8
- Cap Rate
- 5.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.