227 E Main Ave $671,000

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    227 E Main Ave Soap Lake, WA 98851

    • 0 Beds
    • 0 Baths
    • 11,094 sq.ft.
    • Multi-Family
    Listing# 1257664 | Active

    $671,000

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    Days On Market: 521 3 Views
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    Property Details

    The Corsican Apartments in downtown Soap Lake! A great opportunity to own income-producing property! 16 rentable units, including 1 studio, 8 1-bedroom units, 4 2-bedroom units, and 3 commercial street side spaces. 17 total beds, 13 total baths. Re-roofed in 2017. Owner financing available. Agents for buyers must be present for all visitations to the property. Call the listing broker for details.

    • General Features
      • County Grant
      • Style 56-10+ Units
      • Number of Stories 2
      • Number of Units 16
      • Year Built 1930
      • Lot Details Curbs, Paved Street, Sidewalk
      • Lot Square Footage 15,625
      • Site Features High Speed Internet, Patio
      • View City, Lake
      • County Grant
    • Building Features
      • Approx SqFt 11,094
      • Roof Compostion
      • Exterior Stucco
      • Amenities Coin Op Laundry
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $9,604
      • Net Operating Income $56,277
      • Gross Scheduled Income $107,220
      • Gross Adjusted Income $80,968
      • Total Expenses $24,691
      • Other Expenses $485
      • Insurance Expenses $3,498
      • Expenses $24,691
      • Heating Expenses $0
      • Electrical Expenses $2,692
      • Gross Rent Multiplier 7
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $2,548
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company City of Soap Lake
      • Sewer Company Sewer Connected
    • Schools
      • School District Soap Lake

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    Neighborhood

    98851 (Soap Lake) Demographics

    53Median Age
    25Population Density (per sq. mile)
    28%College Educated
    $35,490 Estimated Median Income
    1,250Estimated Total Home Owners
    502Estimated Total Renters
    71% / 29%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    3,904Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $271,500 Median Sales Price
    5 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $671,000
        3/13/2019 12:11:07 PM Price Reduced Source New Value: $671,000 -0.59%
        3/15/2018 6:38:00 AM New in Database Source New Value: $675,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.