4413 Circle Place, Moses Lake, WA 98837
- $1,200,000
- 2,704
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2563000
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 2,704
- Area Total SqFt
- 2704
- Annual Tax Ammount
- 8944
- Lot Size (sq ft)
- 15,473
- Sewer
- Septic Tank
Property Description
Portfolio investment opportunity! 9 units total includes 5 buildings (4x2 units and 1 single family) on 3 parcels, over an acre with space to build. Currently 100% occupied and many of the units have been recently updated. With all 9 units rented and strong in-place performance (6.96% current cap) and attractive income metrics (11.56 current GRM). Tenants pay utilities and the property is managed. Conveniently located between the fair grounds and Highway 17 off of Airway drive in Moses Lake's Urban Growth Area.
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Additional Information
- List Date
- 2026-08-01 00:00:13
- Community
- Basin Homes
- Net Operating Income
- $83,556
- Gross Adjusted Income
- $103,800
- Gross Scheduled Income
- $103,800
- Total Monthly Income
- $103,800
- Insurance Expenses
- $5,500
- Water/Sewer/Garbage Expenses
- $2,800
- Gross Rent Multiplier
- 11.56
- Total Expenses
- $20,244
- Cap Rate
- 7
- Total Number of Units
- 10
- Unit Name
- 4413
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 2005
- View
- Territorial
- Roof
- Composition, Flat
- Site Features
- High Speed Internet, Patio, Sprinkler System
- Other Expenses
- 3000
- Energy Source
- Electric
- School District
- Moses Lake
- Elementary School
- Park Orchard Elem
- Middle School
- Chief Moses Mid
- High School
- Moses Lake High
- Total Monthly Income
- $103,800
- Gross Scheduled Income
- $103,800
- Gross Adjusted Income
- $103,800
- Tax Year
- 2026
- Insurance Expense
- $5,500
- W/S/G Expenses
- $2,800
- Total Expenses
- $20,244
- Net Operating Income
- $83,556
- Gross Rent Multiplier
- 11.56
- Cap Rate
- 7
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.