1513 SW Basin Street, Ephrata, WA 98823
- $532,525
- 2,632
- SqFt
Listing Broker: Coldwell Banker Tomlinson R&H; Tyson Mollotte; ; Selling Office: Realty Executives Grant County.
- Sold Price
- $532,525
- List Price
- $535,000
- Status
- SOLD
- MLS#
- 2177985
- Closing Date
- Apr 11, 2024
- Days on Market
- 75
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,632
- Area Total SqFt
- 2632
- Annual Tax Ammount
- 2900
- Lot Size (sq ft)
- 8,687
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a 6-unit apartment building in Ephrata! Each unit has 1 bedroom and one bathroom. All electrical panels have been updated in the last two years as well as the flooring, with new paint on the exterior and interior, and updated appliances in many of the units. This property also comes with an additional vacant lot that is zoned commercial! The units in this building always rent fast with a lot of demand for housing. Tax Parcel 130101002 sold with this listing
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Additional Information
- List Date
- 2024-01-27 00:00:00
- Community
- Ephrata
- Net Operating Income
- $40,600
- Gross Adjusted Income
- $52,000
- Gross Scheduled Income
- $53,400
- Total Monthly Income
- $4,450
- Insurance Expenses
- $2,200
- Water/Sewer/Garbage Expenses
- $5,100
- Gross Rent Multiplier
- 10.01
- Total Expenses
- $11,400
- Cap Rate
- 7.6
- Vacancy Rate
- 2
- Total Number of Units
- 6
- Unit Name
- 1513
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1950
- View
- Territorial
- Roof
- Metal
- Site Features
- Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 1200
- Energy Source
- Electric
- School District
- Ephrata
- Total Monthly Income
- $4,450
- Gross Scheduled Income
- $53,400
- Vacancy Rate
- 2
- Gross Adjusted Income
- $52,000
- Tax Year
- 2023
- Insurance Expense
- $2,200
- W/S/G Expenses
- $5,100
- Total Expenses
- $11,400
- Net Operating Income
- $40,600
- Gross Rent Multiplier
- 10.01
- Cap Rate
- 7.6
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.