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1639 Basin SW
Ephrata, WA 98823

  • $950,000
  • STATUS: Pending Feasibility
  • ON SITE: 1434 days
  • ID#: 477462
Under Contract
UPDATED: 65 min ago
$950,000
  • 0
    BEDS
  • 0.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,560
    SQFT
  • $90
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Windermere R.E. K-2 Realty.

Description

Motel / apartment with good cash flow. 35 units, office and a coin op laundry. Property renovated over the last 5 years including 50 year roof, flooring, electrical fixtures, appliances, HVAC and exterior. Month to month rents range from $375 to $700 and include electricity, cable TV, water, sewer, trash and very high speed internet. Property has around 300 feet on HWY 28 and is the 2nd motel when coming into the south end of town.

The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-03-29T00:24:24.443.

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www.home4investment.com/homes/30488219

1639 Basin SW Ephrata, WA 98823

  • Price: $950,000
  • Status: Pending Feasibility
  • Updated: 65 min ago
  • ID#: 477462
0
Beds
0
Baths
0
½ Baths
0.82
Acres
10,560
SQFT
$90
$/SQFT
1955
Built
Neighborhood:
Ephrata
County:
Grant
Area:
North Central Grant County
Elementary School:
Middle School:
High School:
School District:
Ephrata
Property Description
Motel / apartment with good cash flow. 35 units, office and a coin op laundry. Property renovated over the last 5 years including 50 year roof, flooring, electrical fixtures, appliances, HVAC and exterior. Month to month rents range from $375 to $700 and include electricity, cable TV, water, sewer, trash and very high speed internet. Property has around 300 feet on HWY 28 and is the 2nd motel when coming into the south end of town.
Exterior Features

Building Condition Remodeled Carport Spaces 0 Exterior BrickCement/ConcreteWood Products Foundation Concrete Ribbon Garage Spaces 0 Lot Details Paved Street Roof MetalTorch Down Stories In Building 1 Style 56 - 6-9 Units Total Parking Spaces 40 Uncovered Spaces 40 View Territorial

Interior Features

Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardWall Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 0 Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 0 Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

Property Features

Amenities Coin Op Laundry Bank Owned No Cap Rate 12.20 Electrical Expenses 13944 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 169746 Gross Rent Multiplier 5 Gross Scheduled Income 178680 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 11800 Leased Items None Lot Number 11-15 Net Operating Income 115907 Other Expenses 7571 Possession Closing Power Company Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Ephrata Site Features Cable TVHigh Speed Internet Tax Amount 6319 Tax Year 2015 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 53839 Total Expenses TEX 53839 Total Monthly Income 14000 Unit1 Monthly Rent 0 Unit2 Monthly Rent 0 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 5 Water Company City Of Ephrata Water Sewer Garbage 14205 Water Source Public Zoning Jurisdiction City

Listing information © 2017 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-03-29T00:24:24.443.

Click here for Digital Millennium Copyright Act
Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Windermere R.E. K-2 Realty.