611 King Street, Wenatchee, WA 98801

$443,500

Listing courtesy of CB Cascade - Wenatchee.

List Price
$443,500
Status
ACTIVE
MLS#
1852208
Days on Market
6
Style
52 - Duplex
Area Total SqFt
2854
Lot Size (sq ft)
6,098

Property Description

Great duplex investment opportunity in the Grandview Historic District. Updated kitchens, baths, stainless steel appliances, cabinets, vinyl plank flooring, roofs, electrical, plumbing with some original character including glass door knobs, leaded glass windows and covered front porch. Main/Upper level unit is currently vacant and includes 2000 sf, 3 bedrooms, 1.5 baths, living room, dining room, family room, study and large utility room. Lower level unit has long-term tenant, 854 sf, 2 bedrooms, .75 bath, kitchen and living area. Storage unit and lots of parking available. Zoned residential mixed use. Close to schools, downtown, shopping and healthcare. Est. annual gross rent is $31,200 with cap rate of 5.5% with potential to increase.

Additional Information

List Date
2021-10-13 00:00:00
Community
Wenatchee
Potential Terms
Cash Out, Conventional
Year Built
1910
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Patio
Heating/Cooling Type
Insert, Wall
Energy Source
Electric
School District
Wenatchee
Elementary School
Columbia Elem
Middle School
Pioneer Mid
High School
Wenatchee High
Total Monthly Income
$260
Gross Scheduled Income
$31,200
Gross Adjusted Income
$31,200
Tax Year
2021
Insurance Expense
$1,400
W/S/G Expenses
$3,000
Total Expenses
$6,751
Net Operating Income
$24,449
Gross Rent Multiplier
14
Cap Rate
5
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