208 Cottage Avenue, Cashmere, WA 98815
- $356,850
- 1,613
- SqFt
Listing Broker: John L. Scott Wenatchee; Nicole Begin; ; Selling Office: Keller Williams Realty NCW.
- Sold Price
- $356,850
- List Price
- $324,900
- Status
- SOLD
- MLS#
- 2295247
- Closing Date
- Oct 30, 2024
- Days on Market
- 4
- Style
- 53 - Tri-plex
- Building Condition
- Fixer
- Finished SqFt
- 1,613
- Area Total SqFt
- 1613
- Annual Tax Ammount
- 1849
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-09-30
Property Description
Discover a prime investment opportunity in Downtown Cashmere! This property features three units, two of which have been remodeled. With separate metering for each unit, management of utilities is simple. The property includes a covered carport, adding parking for tenants. Additionally, a 10'x20' Lofted Hickory Farms Shed offers valuable storage space, which could also serve as potential rental income. While the property is a fixer-upper, its location and existing upgrades present immense potential for investors looking to maximize returns in a thriving area. Don't miss out on this exceptional chance to grow your real estate portfolio!
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Additional Information
- List Date
- 2024-10-26 00:00:00
- Community
- Cashmere
- Net Operating Income
- $29,629
- Gross Adjusted Income
- $29,629
- Gross Scheduled Income
- $37,200
- Total Monthly Income
- $3,100
- Insurance Expenses
- $1,611
- Water/Sewer/Garbage Expenses
- $4,110
- Gross Rent Multiplier
- 8.73
- Total Expenses
- $7,570
- Cap Rate
- 9.12
- Total Number of Units
- 3
- Unit Name
- 208
- Potential Terms
- Cash Out
- Year Built
- 1908
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Outbuildings
- Energy Source
- Electric
- School District
- Cashmere
- Elementary School
- Vale Elem
- Middle School
- Cashmere Mid
- High School
- Cashmere High
- Total Monthly Income
- $3,100
- Gross Scheduled Income
- $37,200
- Gross Adjusted Income
- $29,629
- Tax Year
- 2024
- Insurance Expense
- $1,611
- W/S/G Expenses
- $4,110
- Total Expenses
- $7,570
- Net Operating Income
- $29,629
- Gross Rent Multiplier
- 8.73
- Cap Rate
- 9.12
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.