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(509) 255-8072
Nick McLean Real Estate Group
220 E Chelan Avenue, Chelan, WA 98816
- $742,000
- 1,604
- SqFt
Listing Broker: Windermere RE/Lake Chelan; Jamie Mason; ; Selling Office: Windermere RE/Lake Chelan.
- Sold Price
- $742,000
- List Price
- $749,000
- Status
- SOLD
- MLS#
- 2175889
- Closing Date
- Nov 22, 2023
- Style
- 52 - Duplex
- Building Condition
- Remodeled
- Finished SqFt
- 1,604
- Area Total SqFt
- 1604
- Annual Tax Ammount
- 2946
- Internet Provider
- LocalTel
- Lot Size (sq ft)
- 8,400
- Sewer
- Sewer Connected
Property Description
LOCATION! Newly remodeled duplex in very rare DMU Zoning which allows SHORT TERM RENTALS, ADU, B&B, business, etc. Walking distance to downtown Chelan, restaurants, parks and public boat launch. Brand new HVAC, appliances, flooring, interior and exterior paint, windows, fencing, plumbing and all new fixtures. Each unit is 2 beds/1.5 baths, 2 story units with washers/dryers in basement w/storage space. Fully fenced backyards for privacy, ample parking. Chelan has a zero percent vacancy rate for long term rentals. Don't miss the opportunity to own this rent ready duplex with double lot conveniently located with so many options for use.
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Additional Information
- Community
- Chelan
- Net Operating Income
- $43,200
- Gross Adjusted Income
- $43,200
- Gross Scheduled Income
- $43,200
- Total Monthly Income
- $3,600
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $292
- Gross Rent Multiplier
- 17
- Total Expenses
- $5,638
- Cap Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 220 E
- Potential Terms
- Cash Out, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1941
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Lake Chelan
- Elementary School
- Morgen Owings Elem
- Middle School
- Chelan Mid
- High School
- Chelan High
- Total Monthly Income
- $3,600
- Gross Scheduled Income
- $43,200
- Gross Adjusted Income
- $43,200
- Tax Year
- 2023
- Insurance Expense
- $1,200
- W/S/G Expenses
- $292
- Total Expenses
- $5,638
- Net Operating Income
- $43,200
- Gross Rent Multiplier
- 17
- Cap Rate
- 6
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.