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Soap Lake,WA 98851
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,820 sqft
Price per Sqft $288
Subdivision Soap Lake
MLS Listing ID 2288749
Style 55 - 5-9 Units
Bedrooms 2
Year Built 1940
Annual Tax Amount $1,181
Lot Size 0.290 Acres
Property Description
Did you know you can get a loan based on rent income, not your income - DSCR Loans. This property's ratio: 1.38 Discover a Prime Investment Opportunity in the heart of Soap Lake, Wa. This property offers an unique blend of multi-family residential and commercial space and is perfect for investors. This versatile property comprises of one Commercial space, 2 Single Bedroom units, and 3 Studio Apartments; 100% occupancy for numerous years, with commercial tenant approaching 20 years - residential tenants are on month to month basis, but would love to continue tenancy. The property is positioned at the intersection of Division and Main, and enjoys a coveted corner location within walking distance to the beach and parks.
Location
State WA
County Grant
Area 291 - North Central Grant County
Exterior
Exterior Feature Wood Products
Waterfront No
View Y/N Yes
View Lake
Roof Type Composition,Metal
Building
Lot Description Corner Lot,Paved,Sidewalk
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Soap Lake Elem
Middle Schools Soap Lake Mid & High
High Schools Soap Lake Mid & High
School District Soap Lake
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional