1033 W Columbia Avenue, Moses Lake, WA 98837 | MLS 1836675 | Listing Information | Van Dorm Realty, Inc.
SOLD
$1,100,000
Date 04/28/2022

1033 W Columbia Avenue
Moses Lake, WA 98837

Multi-Family
Residential
0.1722
Acre Lot
Courtesy: Kidder Mathews
True value-add multifamily opportunity consisting of 3 buildings. There are 2 triplexes and 1 fourplex. The properties are centrally located in Moses Lake and each is adjacent to the next. The properties have been maintained but have not seen any significant renovations. This opportunity offers investors significant rental upside and opportunities for utility bill-back and charging for laundry. A 52% increase in rental income is estimated. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Avg. Asking Rent growth. Seller Financing only. -20% Down -5% Interest -I/O payments -3 to 5 Yr. Term -30 Yr. Amortization -Individual Prom. Notes for each property
1836675
Multi-Family, 2 Story
Grant
1948
0.1722 Acres
2
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Kidder Mathews

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