Kevin Burgess
Windermere Moses Lake 
102 West 3rd Ave.
Moses Lake, WA 98837
509-750-8097
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Listing 10 out of 16
$699,000 For Sale

68 W Hwy 28
Soap Lake, WA 98851

14 units | Multi Family Home
0.8609 acres - MLS# 364475 Courtesy of Windermere R.E. K-2 Realty
Property Photo
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Description

14 unit apartment complex completely rebuilt in the last 4 years, including new windows, doors, siding, paint and carpets. Mostly new appliances. All units are now completely renovated...only one vacancy as of June 2017.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Grant County
  • Zip Code: 98851
  • Year Built: 1970
  • Subdivision/Neighborhood: Lakeview Park
  • School District: Soap Lake
  • Sq.Ft.: 4,200 sq ft
  • Units: 14 units
  • # of Parking Spaces: 20
  • Lot Size: 0.8609 acres
  • Area: Soap Lake
  • Area Number: 291
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Cap Rate - NOI div LP: 8.89
  • Electrical Expenses: $6360
  • Energy Source(heat): Electric, Oil
  • Exterior: Wood Products
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Commercial
  • Gross Adjusted Income: $79236
  • Gross Rent Multiplier: $8
  • Gross Scheduled Income: $85200
  • Heating Expenses: $300
  • Heating/Cooling: Baseboard, Wall
  • Insurance Expenses: $2060
  • Lot Details: Paved Street
  • Lot Dimensions: 250x150
  • Net Operating Income: $62121
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 20
  • Other Expenses: $3420
  • Power Company: Grant County Pud
  • Rent Unit 1: $500
  • Rent Unit 2: $500
  • Rent Unit 3: $500
  • Rent Unit 4: $500
  • Rent Unit 5: $500
  • Rent Unit 6: $475
  • Roof: Composition
  • Sewer Company: Septic
  • Site Features: Cable TV, High Speed Internet, Outbuildings, RV Parking, Shop
  • Square Feet Unit 1: 250
  • Square Feet Unit 2: 250
  • Square Feet Unit 3: 250
  • Square Feet Unit 4: 250
  • Square Feet Unit 5: 250
  • Square Feet Unit 6: 250
  • Total Expenses: $17115, $17115
  • Total Monthly Income: $6575
  • Vacancy Rate: 7
  • Water Company: Lakeview Park
  • Water/Sewer/Garbage: 2196
Courtesy of Windermere R.E. K-2 Realty
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Windermere Moses Lake are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-05-21

Terms of Usage Agreement

Kevin Burgess
Windermere Moses Lake
102 West 3rd Ave.
Moses Lake, WA 98837
509-750-8097
kburgess@windermere.com

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Testimonials

Kevin was a dream to work with! I contacted him before moving to the area and he had a handful of properties in mind that was exactly what my family was looking for. After touring some we moved forward and Kevin did his thing. He constantly kept us up to date and was super quick to respond to any   questions I had. Thank you Kevin for helping us find the perfect home for us! I wouldn't recommend anyone else to help you with the buying process! cathfrei
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