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(509) 255-8072
Nick McLean Real Estate Group
544 N Colorado Avenue, East Wenatchee, WA 98802
- $1,375,000
- 6,145
- SqFt
Listing Broker: Premier One Properties; Kelly L. Thompson; ; Selling Office: Premier One Properties.
- Sold Price
- $1,375,000
- List Price
- $1,375,000
- Status
- SOLD
- MLS#
- 2210849
- Closing Date
- Dec 12, 2024
- Style
- 54 - 4-Plex
- Building Condition
- Remodeled
- Finished SqFt
- 6,145
- Area Total SqFt
- 6145
- Annual Tax Ammount
- 3268
- Lot Size (sq ft)
- 15,246
- Sewer
- Sewer Connected
Property Description
Incredible investment opportunity awaits at this great 4-Plex! This one of a kind property is perfectly suited for Airbnb or a long term rental. With over 6,145 sq. ft. of rentable space, this is an investors dream! Your tenants will love the brand new creative finishes throughout including high end appliances, custom concrete counters & solid surface flooring throughout. Each unit has a primary suite with custom concrete walk-in shower and it's own artistic design. Units also have a fireplace, balcony or patio & laundry. Unit 544 has been completely gutted from top to bottom. Units 546 & 548 are brand new construction. Tenants will also enjoy a putting green, game room, gym, outdoor bbq, tons of off street parking & Central Location
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Additional Information
- Community
- East Wenatchee
- Net Operating Income
- $108,132
- Gross Adjusted Income
- $122,400
- Gross Scheduled Income
- $122,400
- Total Monthly Income
- $10,200
- Insurance Expenses
- $6,000
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 13.07
- Total Expenses
- $14,268
- Cap Rate
- 6.75
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 544
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1962
- View
- City, Mountain(s), River, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Outbuildings, Patio, RV Parking, Shop
- Electric Expenses
- 2000
- Energy Source
- Electric
- School District
- Eastmont
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $10,200
- Gross Scheduled Income
- $122,400
- Vacancy Rate
- 1
- Gross Adjusted Income
- $122,400
- Tax Year
- 2024
- Insurance Expense
- $6,000
- W/S/G Expenses
- $3,000
- Total Expenses
- $14,268
- Net Operating Income
- $108,132
- Gross Rent Multiplier
- 13.07
- Cap Rate
- 6.75
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.