328 SW Alder Street, Ephrata, WA 98823
- $225,000
Listing Broker: Laura Mounter Real Estate; Danny Zavala; 509-630-6366; danny@lauramounter.com
- List Price
- $225,000
- Status
- ACTIVE
- MLS#
- 2483483
- Price Change
- ▼ $70,000 1788230298
- Days on Market
- 184
- Annual Tax Ammount
- 1818
- Internet Provider
- NA
Property Description
Price Reduction - Priced to Sell! Launch your real estate investment career in self storage with this affordable, centrally located facility in the heart of Ephrata’s commercial core. Net Rentable SQFT 3,360, 32 units (2 units 10'x18', 30 units 10x10), Current gross potential income from existing rents ~$22,920/annually, with clear opportunities to enhance performance - Contact for Financials. This 100% occupied, high-demand property pulls consistent renters from surrounding residential neighborhoods and the regional workforce, providing immediate in-place income and proven market strength. The site offers excellent visibility and access near main arterials, service businesses, and a substantial nearby housing base, making it a strategic location for long-term ownership. Facility features drive-up units for easy tenant access and quick turnarounds, creating an efficient, low-intensity asset. Site is ideal for value-add investors, with meaningful upside by adding rentable square footage and improved site amenities. Ideas may include adding modular self-storage buildings to capture overflow demand and increase income per square foot, or contractor parking to attract higher-value users, or adding parameter fencing. Let's get into Self Storage in 2026!
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Additional Information
- Community
- Ephrata
- Style
- 71 - Light Indrl.
- Year Built
- 1978
- # of Assigned Spaces
- 15
- Roof
- Metal
- Tax Year
- 2025
- Potential Terms
- Cash
- Flooring
- Concrete
- Driving Directions
- Driving through Ephrata Heading North on Hwy 28, turn right on 3rd Ave SW, property located on corner between 3rd Ave and Alder St SW.
- Electric Expenses
- 300
- Other Expenses
- 4231
- Energy Source
- Electric
- Net Operating Income
- $14,691
- Gross Scheduled Income
- $22,920
- Cap Rate
- 6.5
- Total Expenses
- $8,229
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