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(509) 255-8072
Nick McLean Real Estate Group
8 Highway 97, Brewster, WA 98812
Listing Broker: Windermere RE/Lake Chelan; Keith E. Allen; ; Selling Office: Windermere RE/Lake Chelan.
- $1,000,000
- 7,680
- SqFt
- Sold Price
- $1,000,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2210451
- Closing Date
- Sep 05, 2024
- Style
- 56 - 10+ Units
- Building Condition
- Fair
- Finished SqFt
- 7,680
- Area Total SqFt
- 7680
- Annual Tax Ammount
- 8297.98
- Lot Size (sq ft)
- 7,680
- Sewer
- Sewer Connected
Property Description
Rare investment opportunity! Property overlooks the Columbia River with 12 rental units spread across three parcels. Each unit boasts captivating views which helps support tenant occupancy. With a mix of spacious two-bedroom and cozy single-bedroom layouts there's something for everyone. Positioned in a high-demand rental market, this property provides opportunity for lucrative returns. Each unit features baseboard heating, wall mount air conditioning, vinyl windows, carpet and vinyl flooring. Kitchens are equipped with essential appliances including stove/oven, dishwasher/disposal, and refrigerator. Location not only offers breathtaking views but also ensures easy access to essential amenities and recreational activities.
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Additional Information
- Community
- Brewster
- Net Operating Income
- $37,101
- Gross Adjusted Income
- $37,101
- Gross Scheduled Income
- $116,660
- Total Monthly Income
- $9,900
- Insurance Expenses
- $5,634
- Water/Sewer/Garbage Expenses
- $23,356
- Gross Rent Multiplier
- 10.7
- Total Expenses
- $79,558
- Cap Rate
- 3
- Total Number of Units
- 12
- Unit Name
- 8
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1975
- View
- City, Mountain(s), River
- Roof
- Metal
- Site Features
- Fenced-Partially, Sprinkler System
- Electric Expenses
- 2261
- Other Expenses
- 40008
- Energy Source
- Electric
- School District
- Brewster
- Elementary School
- Brewster Elem
- Middle School
- Brewster Jnr High
- High School
- Brewster High
- Total Monthly Income
- $9,900
- Gross Scheduled Income
- $116,660
- Gross Adjusted Income
- $37,101
- Tax Year
- 2023
- Insurance Expense
- $5,634
- W/S/G Expenses
- $23,356
- Total Expenses
- $79,558
- Net Operating Income
- $37,101
- Gross Rent Multiplier
- 10.7
- Cap Rate
- 3
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.