709 E 3rd Avenue, Ellensburg, WA 98926

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Listing Broker: Larsen Properties Realty, LLC; Brad Haddon; ; Selling Office: Larsen Properties Realty, LLC.

Sold Price
$571,500
List Price
$579,000
Status
SOLD
MLS#
2212348
Closing Date
Apr 29, 2024
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
2,141
Area Total SqFt
2141
Annual Tax Ammount
4928
Lot Size (sq ft)
9,000
Sewer
Sewer Connected

Property Description

7 Unit apartment complex at the base of Craig's hill. 4 1 bedroom 1 bath units 3 smaller studio apts. 3 storage units. Property currently has a resident manager living in unit #5. Rents have not been adjusted in a long time! Property has been well maintained.

Additional Information

Community
Craig Hill
Net Operating Income
$30,045
Gross Adjusted Income
$44,600
Gross Scheduled Income
$44,600
Total Monthly Income
$3,716
Insurance Expenses
$4,125
Water/Sewer/Garbage Expenses
$5,502
Gross Rent Multiplier
12.98
Total Expenses
$14,555
Cap Rate
5.18
Total Number of Units
7
Unit Name
709
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1930
View
Mountain(s), Partial, Territorial
Roof
Composition
Site Features
High Speed Internet, Outbuildings
Energy Source
Electric
School District
Ellensburg
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,716
Gross Scheduled Income
$44,600
Gross Adjusted Income
$44,600
Tax Year
2024
Insurance Expense
$4,125
W/S/G Expenses
$5,502
Total Expenses
$14,555
Net Operating Income
$30,045
Gross Rent Multiplier
12.98
Cap Rate
5.18
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.

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