Listed by The Paragon Group, Bought with Dulay Homes LLC
NOT LISTED FOR SALE

1620 W Lee St Moses Lake, WA 98837

-- Bed
-- Bath
10,048 Sq Ft
0.46 Acres

Last Sold May 23, 2024

Last sale price $1,500,000 $149 Per Sq Ft

103 Days on Market

Highlights

  • Lake View
  • No HOA
  • Patio
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Open Space

About This Home

As of May 2024

Built in 2007, this fully occupied property has units that provide tenants with a comfortable 1,256 sqft of living space, 3 bedrooms and 2.5 bathrooms, and a 1 car garage. Out back of each unit is a patio with surrounding lawn space. The property has been meticulously upkept with fresh paint and excellent curb appeal. The current rental income stream makes this property cash flow positive, so investors can enjoy steady income while building equity over time. The property is conveniently located just off I-90, providing easy access to downtown shops and restaurants.

Last Agent to Sell the Property

Silvian Popusoi

The Paragon Group License #23026171 Listed on: 10/23/2023

Last Buyer's Agent

Santhiya Palaniappan

Dulay Homes LLC License #22019234

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2173703

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,501

Year Built

  • Built in 2007

Lot Details

  • 0.46 Acre Lot
  • Open Space
  • Property is in good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 10,048 Sq Ft Home
  • 2-Story Property
  • Lake Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Moses Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111397000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,501

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2007
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10048
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Hardwood, Laminate Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Grant County PUD
  • SewerCompany: City of Moses Lake
  • WaterCompany: City of Moses Lake
  • CableConnected: Direct TV
  • InternetConnected: Century Link
  • WaterSewerGarbage: 4608.84

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Moses Lake
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 111397000
  • Lot Size Acres: 0.4591
  • Lot Size Sq Ft: 19998
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.24
  • LeasedItems: None
  • TotalMonthlyIncome: 9945

Multi Family

  • Gross Scheduled Income: 119340
  • Net Operating Income: 89056
  • Number Of Units Total: 8
  • Insurance Expense: 3375
  • Leasable Area: 10048
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8501

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2024 05/23/24 Sold $1,500,000 -11.8% $149 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
12/08/2023 12/08/23 For Sale $1,699,900 0.0% $169 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $1,699,900 -5.6% $169 / Sq Ft
10/23/2023 10/23/23 For Sale $1,799,900 -- $179 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2173703

Northwest Multiple Listing Service (NWMLS)

APN: 111397000