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(509) 255-8072
Nick McLean Real Estate Group
116 E Hill Avenue, Moses Lake, WA 98837
- $2,475,000
- 14,340
- SqFt
Listing Broker: Nest Realty Company; Blake Rollins; 509-750-7119; blakerollinsbroker@gmail.com Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,475,000
- List Price
- $2,475,000
- Status
- SOLD
- MLS#
- 2416622
- Closing Date
- Sep 17, 2026
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 14,340
- Area Total SqFt
- 14340
- Annual Tax Ammount
- 10418
- Lot Size (sq ft)
- 40,590
- Sewer
- Sewer Connected
Property Description
Investment Opportunity! 20 (2 bed 1 bath) units minutes from downtown situated on a large corner lot. Exterior features include new paint, new windows, underground sprinklers with parking in the front & back. Interior features include a laundry area, laminate flooring upgraded in a few units and storage room.
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Additional Information
- Community
- Garden Heights
- Net Operating Income
- $194,484
- Gross Adjusted Income
- $194,484
- Gross Scheduled Income
- $204,720
- Total Monthly Income
- $17,110
- Insurance Expenses
- $10,173
- Water/Sewer/Garbage Expenses
- $12,322
- Gross Rent Multiplier
- 12
- Total Expenses
- $34,764
- Cap Rate
- 7.8
- Vacancy Rate
- 5
- Total Number of Units
- 20
- Unit Name
- 116
- Potential Terms
- Cash, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1955
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet, Outbuildings, Patio, Sprinkler System
- Electric Expenses
- 1851
- Energy Source
- Electric
- School District
- Moses Lake
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $17,110
- Gross Scheduled Income
- $204,720
- Vacancy Rate
- 5
- Gross Adjusted Income
- $194,484
- Tax Year
- 2025
- Insurance Expense
- $10,173
- W/S/G Expenses
- $12,322
- Total Expenses
- $34,764
- Net Operating Income
- $194,484
- Gross Rent Multiplier
- 12
- Cap Rate
- 7.8
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.