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(509) 255-8072
Nick McLean Real Estate Group
601 Alder Street, Twisp, WA 98856
- $425,000
- 1,960
- SqFt
Listing Broker: Windermere RE/Lake Chelan; Lukas Sztab; ; Selling Office: Windermere RE/Methow Valley.
- Sold Price
- $425,000
- List Price
- $480,000
- Status
- SOLD
- MLS#
- 2235696
- Closing Date
- Jun 28, 2024
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,960
- Area Total SqFt
- 1960
- Annual Tax Ammount
- 2622
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Come see this rare opportunity to own an investment property in downtown TWISP! Side by side duplex with an attached single car garage. 2 bedrooms and 1.5 bathrooms on each side. Located in the historic downtown core, close to shopping, dining, and the best of Methow recreation right at your doorstep. Both units have AC, low maintenance landscaping, and are connected to city utilities. Carpets were recently deep cleaned. Both units are currently occupied and are well below market rate. Live in one and rent out the other, or keep it as an income generating property. Airbnb or vacation rentals may also be an option. Buyer to do their due diligence on rental options. Pre-inspection available upon request. Call today for a private tour!
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Additional Information
- Community
- Twisp
- Net Operating Income
- $22,460
- Gross Adjusted Income
- $30,000
- Gross Scheduled Income
- $30,000
- Total Monthly Income
- $2,500
- Insurance Expenses
- $982
- Water/Sewer/Garbage Expenses
- $3,936
- Gross Rent Multiplier
- 16
- Total Expenses
- $7,540
- Cap Rate
- 4.67
- Total Number of Units
- 2
- Unit Name
- 601
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1993
- View
- City, Mountain(s)
- Roof
- Metal
- Energy Source
- Electric
- School District
- Methow Valley
- Total Monthly Income
- $2,500
- Gross Scheduled Income
- $30,000
- Gross Adjusted Income
- $30,000
- Tax Year
- 2023
- Insurance Expense
- $982
- W/S/G Expenses
- $3,936
- Total Expenses
- $7,540
- Net Operating Income
- $22,460
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.67
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.