Listed by CB Cascade - Lake Chelan
$1,475,000

511 Yakima St Wenatchee, WA 98801

Estimated payment $8,421/month

Total Views 17,708
-- Bed
-- Bath
6,186 Sq Ft
$238 Price per Sq Ft

Highlights

  • Territorial View
  • Wall to Wall Carpet
  • 4-minute walk to Memorial Park
  • No HOA

About This Home

Discover a remarkable investment opportunity in the heart of Wenatchee with this multi-family property featuring 10 units across three bldg. 511 Yakima St was built in 1921 and is full of charm while 515 Yakima St was built in 1991. Perfectly situated for convenience, this property offers easy access to local amenities and attractions, making it an ideal home for tenants. Enjoy the convenience of onsite laundry facilities, in unit laundry for the 2 bedroom and off-street parking, ensuring comfort and accessibility for all residents. With an excellent tenant history and additional storage options for tenants, this property promises a reliable income stream. Don't miss out on the chance to add this prime real estate to your portfolio!

Last Listed By

Jolene Baker

CB Cascade - Lake Chelan License #23634 Listed on: 08/01/2024

CB Cascade - Lake Chelan

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2273147

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,110

Year Built

  • Built in 1991

Lot Details

  • 0.26 Acre Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 6,186 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Amended Great Northern Plat Condos
  • Wenatchee Subdivision

Listing and Financial Details

  • Legal Lot and Block 39,v40, 41 and 42 / 34
  • Assessor Parcel Number 222010590534

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,110

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1991
  • Buyer Agency Compensation: 2
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Amended Great Northern Plat
  • New Construction: No
  • CalculatedSquareFootage: 6186
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: SA must be present at all tour/inspect.
  • Special Features: None
  • Cumulative Days on Market: 317

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,Elevator,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling: Wall Unit(s), Window Unit A/C
  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Chelan County PUD
  • SewerCompany: City of Wenatchee
  • WaterCompany: City of Wenatchee
  • WaterSewerGarbage: 9816.01

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 222010590534
  • Lot Size Acres: 0.26
  • Lot Size: 11325.60
  • Lot Size Sq Ft: 11326
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Owner
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 39,v40, 41 and 42

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 10415

Multi Family

  • Gross Scheduled Income: 134880
  • Net Operating Income: 106168
  • Electric Expense: 1121.41
  • Insurance Expense: 10665
  • Leasable Area: 5640
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7110.25

MLS Schools

  • Elementary School: Buyer To Verify

Map

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
08/01/2024 08/01/24 For Sale $1,475,000 +174.2% $238 / Sq Ft
06/13/2013 06/13/13 Sold $538,000 -10.2% $102 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
03/17/2013 03/17/13 For Sale $599,000 -- $114 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2273147

Northwest Multiple Listing Service (NWMLS)