618 Basin Street NW, Ephrata, WA 98823
- $430,000
- 8,140
- SqFt
Listing Broker: United Country RE - Patrick RE; Theresa Bennett Scheib; ; Selling Office: BHGRE Gary Mann Realty.
- Sold Price
- $430,000
- List Price
- $450,000
- Status
- SOLD
- MLS#
- 2252790
- Closing Date
- Jun 26, 2025
- Days on Market
- 281
- Style
- 55 - 5-9 Units
- Building Condition
- Fair
- Finished SqFt
- 8,140
- Area Total SqFt
- 8140
- Annual Tax Ammount
- 2083.92
- Lot Size (sq ft)
- 27,692
- Sewer
- Sewer Connected
Property Description
Former motel that has ben converted into one commercial space and 4 apartments. Owner pays w/s/g and electrical. Great cash flow, long term tenants. Financial Information is for 2024 and actual numbers, insurance is 2025 renewal rate and hazard only. In flood zone, traditional financing will require flood insurance.
/u.realgeeks.media/nickmcleanrealestate/87e4b35fa9d8-4902_logo_nick_new_n_20230428083239.png){kind=logo}
Additional Information
- List Date
- 2024-09-18 00:00:00
- Community
- Ephrata
- Net Operating Income
- $43,361
- Gross Adjusted Income
- $70,800
- Gross Scheduled Income
- $70,800
- Total Monthly Income
- $5,900
- Insurance Expenses
- $7,500
- Water/Sewer/Garbage Expenses
- $11,878
- Gross Rent Multiplier
- 6.34
- Total Expenses
- $27,438
- Cap Rate
- 9.64
- Total Number of Units
- 5
- Unit Name
- 618
- Potential Terms
- Cash Out
- Year Built
- 1936
- Roof
- Metal
- Electric Expenses
- 5976
- Energy Source
- Electric
- School District
- Ephrata
- Total Monthly Income
- $5,900
- Gross Scheduled Income
- $70,800
- Gross Adjusted Income
- $70,800
- Tax Year
- 2024
- Insurance Expense
- $7,500
- W/S/G Expenses
- $11,878
- Total Expenses
- $27,438
- Net Operating Income
- $43,361
- Gross Rent Multiplier
- 6.34
- Cap Rate
- 9.64
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.