Bought with eXp Realty
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Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,820 sqft
Price per Sqft $266
Subdivision Soap Lake
MLS Listing ID 2288749
Style 55 - 5-9 Units
Year Built 1940
Annual Tax Amount $1,181
Lot Size 0.290 Acres
Property Sub-Type Multi Family
Property Description
Did you know you can get a loan based on rent income, not your income - DSCR Loans. This property's ratio: 1.38 Discover a Prime Investment Opportunity in the heart of Soap Lake, Wa. This property offers an unique blend of multi-family residential and commercial space and is perfect for investors. This versatile property comprises of one Commercial space, 2 Single Bedroom units, and 3 Studio Apartments; 100% occupancy for numerous years, with commercial tenant approaching 20 years - residential tenants are on month to month basis, but would love to continue tenancy. The property is positioned at the intersection of Division and Main, and enjoys a coveted corner location within walking distance to the beach and parks.
Location
State WA
County Grant
Area 291 - North Central Grant County
Exterior
Exterior Feature Wood Products
View Y/N Yes
View Lake
Roof Type Composition,Metal
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Soap Lake Elem
Middle Schools Soap Lake Mid & High
High Schools Soap Lake Mid & High
School District Soap Lake
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.