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Chelan,WA 98816
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,064 sqft
Price per Sqft $220
Subdivision Chelan
MLS Listing ID 2428172
Style 53 - Tri-plex
Bedrooms 6
Year Built 1960
Annual Tax Amount $3,099
Lot Size 8,712 Sqft
Property Sub-Type Multi Family
Property Description
Rare downtown Chelan triplex offering solid investment potential! Neat and tidy with a low-maintenance brick exterior, this 4,064 sq ft property features three larger-than-average rental units (864, 1,600 & 1,600 sq ft), each with its own washer/dryer and updated baths. A small lake view enhances the upstairs unit. A two garage bay, 864 sf basement storage area could create added revenue. Bonus side lot offers future condo development possibilities. Prime location just blocks from the lake, dining, and shopping. With a projected 5.4% cap rate with market rents (buyer to verify), this is a strong income property in one of Chelan's most desirable areas.
Location
State WA
County Chelan
Area 961 - Lake Chelan
Interior
Flooring Ceramic Tile,Hardwood,Vinyl,Vinyl Plank,Carpet
Fireplace false
Exterior
Exterior Feature Brick,Wood
Amenities Available Deck,Sprinkler System
View Y/N Yes
View Lake,Territorial
Roof Type Composition
Building
Lot Description Curbs,Paved,Sidewalk,Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Lake Chelan
Others
Senior Community No
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional