533 Methow Unit #A,B,C, Wenatchee, WA 98801
- $599,000
- 2,692
- SqFt
Listing Broker: CB Cascade RE - Wenatchee; Perrin Cornell; 509-669-0354; perrin@cbcascade.com
- List Price
- $599,000
- Status
- ACTIVE
- MLS#
- 2598775
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,692
- Area Total SqFt
- 2692
- Annual Tax Ammount
- 4773
- Lot Size (sq ft)
- 6,970
- Sewer
- Sewer Connected
Property Description
This plex had a full "gut" remodel in 2006. Basically reset the clock to 2006 from 1905. Think 2006 construction, electric, plumbing, siding, flooring, appliances and fixtures with updates in 2024 and 2025.Really nothing is 1905! Big ticket items are newer so little maintenance or risk. Property is ready to go starting Day One. RMU zoning gives several options: another unit in back or ADUs? Three 8x10 storage buildings available in back to tenants or ? at $50 per mo. Units have been easy to rent. Two bedroom and one bath are popular. All are clean, bright and airy. Units have own meters so tenants pay water, electric, garbage and internet. Full financials and current pro forma statement available, so too remodel history back to 2002 with reports, and permits after contract and with NDA
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Additional Information
- Community
- Wenatchee
- Net Operating Income
- $37,485
- Gross Adjusted Income
- $5,186
- Gross Scheduled Income
- $53,880
- Total Monthly Income
- $4,290
- Insurance Expenses
- $2,150
- Water/Sewer/Garbage Expenses
- $2,767
- Gross Rent Multiplier
- 11.63
- Total Expenses
- $13,737
- Cap Rate
- 6.25
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 533
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1905
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 100
- Other Expenses
- 3947
- Energy Source
- Electric
- School District
- Wenatchee
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,290
- Gross Scheduled Income
- $53,880
- Vacancy Rate
- 5
- Gross Adjusted Income
- $5,186
- Tax Year
- 2026
- Insurance Expense
- $2,150
- W/S/G Expenses
- $2,767
- Total Expenses
- $13,737
- Net Operating Income
- $37,485
- Gross Rent Multiplier
- 11.63
- Cap Rate
- 6.25
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.