NOT LISTED FOR SALE

221 1st Ave S Okanogan, WA 98840

-- Bed
-- Bath
9,926 Sq Ft
0.33 Acres

Last Sold March 07, 2022

Last sale price $499,000 $50 Per Sq Ft

3 Days on Market

Highlights

  • Rooftop Deck
  • Wood Flooring
  • Patio
  • River View
  • No HOA
  • Wood Siding

About This Home

As of March 2022

Historic 9 unit apartment building looking for its new owner/investor. Its current owners have operated these apartments for nearly 5 decades, and have great rental history. With a cap rate at over 9%, it makes for a great investment. This complex has so much to offer, large sized units, and tons of character in every unit. Shared laundry room with sink and 2 sets of washer and dryers. Two units have unique rooftop decks. Storage shed in rear parking area for a little additional rental income. Also has an attached storage/shop area which is a plus to the landlord for maintenance items and repairs. Location of this unit is optimal for tenants being so close to everything that the city of Okanogan has to offer. Don't miss this opportunity!!

Last Agent to Sell the Property

Nate Brown

Pine Street Realty License #22014275 Listed on: 01/29/2022

Last Buyer's Agent

Nate Brown

Pine Street Realty License #22014275 Listed on: 01/29/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1883473

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,849

Year Built

  • Built in 1912

Lot Details

  • 0.33 Acre Lot
  • Property is in good condition

Property Views

  • River
  • City

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 9,926 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 15 Parking Spaces
  • Open Parking

Outdoor Features

  • Rooftop Deck
  • Patio
  • Outbuilding

Community Details

  • No Home Owners Association
  • North Alma Okanogan Condos
  • Okanogan Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 & 8 / 2
  • Assessor Parcel Number 1250020703

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,849

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1912
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: North Alma Okanogan
  • New Construction: No
  • CalculatedSquareFootage: 9926
  • SOCComments: Form 7F on file
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat, Metal
  • View: City, River
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 15
  • Open Parking: Yes
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 15

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Okanogan County PUD
  • SewerCompany: City of Okanogan
  • WaterCompany: City of Okanogan
  • WaterSewerGarbage: 14304

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Okanogan
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 1250020703
  • Lot Size Acres: 0.3274
  • Lot Size Sq Ft: 14260
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,Patio,Rooftop Deck,Shop
  • MLSLotSizeSource: County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 7 & 8

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7.58
  • LeasedItems: None
  • TotalMonthlyIncome: 5480

Multi Family

  • Gross Scheduled Income: 65760
  • Net Operating Income: 46488
  • Number Of Units Total: 9
  • Electric Expense: 4968
  • Leasable Area: 7046
  • EnergySource: Electric
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2849

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 Change Sq Ft Price
03/07/2022 03/07/22 Sold $499,000 0.0% $50 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $499,000 -- $50 / 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: 1883473

Northwest Multiple Listing Service (NWMLS)