1046 W Cascade Avenue

Moses Lake, WA
$ 340,000 Beds 0 Baths 0 Sq 2,390
Monthly Estimate* How much can I afford?

Value-Add triplex that's centrally located in Moses Lake that is part of a 10-unit multifamily portfolio being sold. The property has been painted and a new roof in the last five years. This opportunity offers investors an asset with significant rental upside. It's estimated that a 79% increase in rent is feasible due to current rents being significantly under market. Moses Lake and the surrounding markets have seen 10.72% in 12-Month Average Asking Rent growth. All tenants are MTM Seller Financing ONLY. - 20% Down, 5% Interest, 3 Yr. term. Part of listing #1836675 (SELLER PREFERS PORTFOLIO BE SOLD TOGETHER)

Multi-Family

  • Price
  • $ 340,000
  • Lot Size
  • 7,501 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,390
  • Full Bathrooms
  • 0
  • Year Built
  • 1947
  • Half Bathrooms
  • 0
  • City, Zip
  • Moses Lake
  • Taxes
  • $ 1633
  • County
  • GRANT
  • Style
  • 4-Plex
  • Area
  • Peninsula
  • MLS#
  • 1864960
  • Zip
  • 98837
Listing Provided by: Kidder Mathews and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS) - 21 - WA

Features

General

Amenities Basement, Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Moses Lake
County Grant
Directions From Interstate-90, take exit 176 for WA-171 N toward I-90 BUS/Moses Lake, continue on WA-171 E. Drive to W Cascade Ave, turn right onto W Cascade Ave
Exterior Features Wood, Wood Products
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
High School District Moses Lake
Insurance Expense 1050
Interior Features Ceramic Tile, Wall to Wall Carpet, Laminate
Leasable Area 2390
Lot Size Square Feet 7500
MLS Area 296 - Peninsula
Net Operating Income 18567
New Construction No
Open Parking Spaces 2
Possession Closing
Possible Use Residential
Property Style 54 - 4-Plex
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Cascade
Structure Type Quadruplex
Subdivision Name Moses Lake
Tax Annual Amount 1633
Tax Year 2021
Terms Owner Financing
Total Units 3
Units Below Grade true
Units In Building Total 3
Utilities Cable Connected, Sewer Connected, Electricity Available
Water Sewer Garbage 1550
Year Built 1947
Zoning Class Residential

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 2

Exterior Features

Building Area Total 2390
Foundation Details Concrete Ribbon
Irrigation Water Rights Y/N No
Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres 0.1722
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 2
Site Features Cable TV, Fenced-Partially, Patio
Total Parking 2
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Olympia, WA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/16/2021 Listed $340,000

Property vs Zip Code Average in 98837

Price
AVG $740K
$340K
Taxes
AVG $2,725
$1,633
Visits
AVG 49
13
Year Built
AVG 1957
1947
Walkscore
AVG 31
42
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

1046 W Cascade Avenue Moses Lake, WA is a Single Family Home for sale at $340000 with 2390 sqft and a lot size of 7,501 SqFt Acre(s). 1046 W Cascade Avenue Moses Lake has 0 bedrooms, 0 baths and was built in 1947. The property's zip code is 98837 which is in Moses Lake, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.