Listing courtesy of Kelly Right RE of Spokane LLC 509-489-7000
$1,200,000
Exceptional value-add investment opportunity featuring 13 two-bedroom, one-bath apartment units situated on approximately 1.6 acres overlooking the Columbia River aka Lake Entiat. The property currently generates income from 11 occupied units, while two units are occupied by on-site maintenance personnel and one additional space is utilized for storage. Several residents… Read More have called this property home for more than 20 years, resulting in long-term tenancy and stable occupancy. While many units have not been updated during those long tenancies, several units have been improved in recent years, creating an opportunity for a new owner to continue renovations as units become available. Existing rents are below market, offering significant upside through thoughtful updates and future rent adjustments. Conveniently located just 20 minutes from Wenatchee and Lake Chelan, the property also offers Columbia River views and long-term investment potential. The generous parcel and highly visible location provide additional future development possibilities, subject to buyer verification of zoning and local regulations. Read Less
Listing courtesy of Kelly Right RE of Spokane LLC 509-489-7000
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
0
Days on Website
0
Last Updated
Property Type
Multi Family
Lot Size
1.61 Acres
Year Built
1944
Property Tax
$5,112
MLS Number
2564544
30 Days Snapshot Of 98822
$454k
-7%
(avg) sold price
5
+150%
homes sold
126
-10%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Building
Building Area Total: 0, Building Area Units: Square Feet, Building Name: Lakeview Apartments, Calculated Square Footage: 0, Construction Materials: Wood, Construction Methods: Standard Frame, Elevation Units: Feet, Leasable Area: 7320, Living Area: 0, Number Of Units Total: 14, Stories Total: 1, Structure Type: Multi Family, Units In Building Total: 13, Year Built: 1944
Electric Expense: 1440, Fuel Expense: 0, Power Company: Chelan County PUD, Power Production Type: Electric, Water Company: Private Well, Water Source: Individual Well
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The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
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The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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