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600 Douglas Street

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600 Douglas Street

600 Douglas St, Wenatchee, WA 98801
Multi-Family For Sale Available Cap Rate 9.48% Built 1920 3 floors Zoning: Historic District
Asking Price
$1,100,000
Total Building5,485 SF
Available5,485 SF avail
Land9,375 SF land
Parking Total7
& Uncov.
MarketChelan County
CountyChelan

Read Overview
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Overview

Property ID
306125
Listing ID
708343
Type
Multi-Family
Asset Class
Multi-Family
Zoning
Historic District

Description

The Financials are strong with this one!! Nine-unit complex located in downtown Wenatchee is available for purchase. Currently at 100% occupancy and fully leased, this investment property brings in $11,700 in rents per month. Additional income from coin-op laundry too. ***That's a 9.8% NET CAP RATE & 7.84 GROSS RENT MULTIPLIER*** Common area and most units have been recently remodeled. Nine-unit complex spans three addresses: 600 Douglas St, 608 Douglas St, and 612 Idaho St. Every unit is separately metered. Additional benefits include garage for on-site storage and large basement where laundry and more storage is located. One of the tenants is an on-site groundskeeper who does upkeep of property and cleans units for new tenants at time of move out. He does all this for slightly reduced re

Listing Courtesy of:

PH
Paul Harrison
Coldwell Banker Lake Chelan Properties
101 E. Woodin Ave,
Chelan, WA 98816
State: WA City: Wenatchee ZIP: 98801 Type: For Sale

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