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(509) 255-8072
Nick McLean Real Estate Group
211 E 6th Avenue, Moses Lake, WA 98837
- $1,495,990
- 5,850
- SqFt
Listing Broker: Coldwell Banker Tomlinson R&H; Tyson Mollotte; 509-346-8929; tysonmollotte@gmail.com
- List Price
- $1,495,990
- Status
- ACTIVE
- MLS#
- 2594331
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 5,850
- Area Total SqFt
- 5850
- Annual Tax Ammount
- 1008
- Lot Size (sq ft)
- 11,500
- Sewer
- Sewer Connected
Property Description
Newly built 5-plex with 5,850 sq ft of living space across five 2-story townhome units, each with its own attached 1-car finished garage. Three units are 2 bed/2.5 bath (approx. 1,062 sq ft), and each bedroom has its own private bath. Two units are 3 bed/2.5 bath (approx. 1,332 sq ft), with a primary suite that has a walk-in shower and walk-in closet, plus a covered rear patio. Every unit has a main-floor powder room, an open kitchen and living area, and a full appliance package. Finishes include shaker-style cabinets, light quartz-look counters, vinyl plank flooring on the main level, carpet in the bedrooms, and recessed lighting. Heat pump HVAC, heat pump water heaters. Low-maintenance investment with strong rental appeal. This property also comes with an 8-year tax exemption certificate with the City, meaning you only pay 10% of the property tax bill for the first eight years. Not subject to rent control of any kind. This location is in the heart of town with services of all kinds just around the corner. This is as low maintenance as it gets when looking for rental property, schedule a showing and come see for yourself!
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Additional Information
- Community
- Moses Lake
- Net Operating Income
- $74,890
- Gross Adjusted Income
- $86,130
- Gross Scheduled Income
- $95,700
- Total Monthly Income
- $7,975
- Insurance Expenses
- $2,894
- Water/Sewer/Garbage Expenses
- $6,288
- Gross Rent Multiplier
- 15.63
- Total Expenses
- $12,134
- Cap Rate
- 5
- Vacancy Rate
- 10
- Total Number of Units
- 5
- Unit Name
- 211
- Potential Terms
- Cash, Conventional
- Year Built
- 2026
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet, Patio, Sprinkler System
- Other Expenses
- 1944
- Energy Source
- Electric
- School District
- Moses Lake
- Total Monthly Income
- $7,975
- Gross Scheduled Income
- $95,700
- Vacancy Rate
- 10
- Gross Adjusted Income
- $86,130
- Tax Year
- 2026
- Insurance Expense
- $2,894
- W/S/G Expenses
- $6,288
- Total Expenses
- $12,134
- Net Operating Income
- $74,890
- Gross Rent Multiplier
- 15.63
- Cap Rate
- 5
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.