502 E River Avenue, Ellensburg, WA 98926

Listing Broker: RE/MAX Community One Realty; Susan Ferrell; ; Selling Office: Lake & Company.

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Sold Price
$499,000
List Price
$515,000
Status
SOLD
MLS#
2238839
Closing Date
Aug 26, 2024
Style
52 - Duplex
Building Condition
Remodeled
Finished SqFt
1,927
Area Total SqFt
1927
Annual Tax Ammount
3564
Internet Provider
Spectrum
Lot Size (sq ft)
9,400
Sewer
Sewer Connected

Property Description

Welcome to your new investment property! This Duplex with both units having 3-bedrooms, 1-bathroom & each unit has washer & dryer. Appliances included - refrigerator, stove & DW are new or almost new! NEW ROOF, New exterior paint & in both units there is fresh interior paint, new countertops, refinished cabinets, door hardware, lighting & carpet.This property is situated at the end of a cul-de-sac & is very private. Six large off-street parking spots & an individual storage for each unit. The fenced backyard is perfect for those who enjoy spending time outside. There's a patio for relaxation & entertainment. The upper unit has a balcony-enjoy the fresh air. This is an excellent investment opportunity to add to your real estate portfolio!

Additional Information

Community
18th/Ellensburg
Net Operating Income
$32,846
Gross Adjusted Income
$39,600
Gross Scheduled Income
$39,600
Total Monthly Income
$3,300
Insurance Expenses
$1,070
Water/Sewer/Garbage Expenses
$1,740
Gross Rent Multiplier
13
Total Expenses
$6,754
Cap Rate
6.4
Total Number of Units
2
Unit Name
502
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1996
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, High Speed Internet, Outbuildings, Patio, Sprinkler System
Other Expenses
380
Energy Source
Electric
School District
Ellensburg
Total Monthly Income
$3,300
Gross Scheduled Income
$39,600
Gross Adjusted Income
$39,600
Tax Year
2024
Insurance Expense
$1,070
W/S/G Expenses
$1,740
Total Expenses
$6,754
Net Operating Income
$32,846
Gross Rent Multiplier
13
Cap Rate
6.4
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.
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