221 Main Street S, Omak, WA 98841

$150,000
3,464
SqFt

Listing courtesy of RE/MAX Welcome Home. Selling Office: RE/MAX Welcome Home.

Sold Price
$150,000
List Price
$174,900
Status
SOLD
MLS#
1574856
Closing Date
Oct 29, 2020
Days on Market
192
Style
55 - 5-9 Units
Building Condition
Average
Finished SqFt
3,464
Area Total SqFt
3464
Annual Tax Ammount
1380
Lot Size (sq ft)
8,050
Sewer
Sewer Connected

Property Description

INVESTMENT POTENTIAL at this Omak 5-plex. All studio or 1 bedroom units with kitchen appliances. 2 upper units, 3 basement units. Total building sq ftge is 3,464. Recent upgrades throughout, including windows, some wiring, flooring, plumbing, paint, and more. Separate electrical meters, community utility room with coin-op W/D. Storage closets for tenants. Private community back yard with river frontage. Upper units have attached 1-car garages. Financials available. $174,900 MF-2835/MLS1574856

Additional Information

List Date
2020-04-20 00:00:00
Community
Omak
Net Operating Income
$11,820
Gross Adjusted Income
$28,200
Gross Scheduled Income
$28,200
Total Monthly Income
$2,350
Insurance Expenses
$1,500
Water/Sewer/Garbage Expenses
$6,400
Total Expenses
$16,380
Cap Rate
6.7
Total Number of Units
5
Unit Name
221
Potential Terms
Cash Out, Conventional
Year Built
1948
Waterfront
Yes
Roof
Metal
Site Features
Deck, High Speed Internet, Patio
Electric Expenses
1600
Other Expenses
5500
School District
Omak
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,350
Gross Scheduled Income
$28,200
Gross Adjusted Income
$28,200
Tax Year
2019
Insurance Expense
$1,500
W/S/G Expenses
$6,400
Total Expenses
$16,380
Net Operating Income
$11,820
Cap Rate
6.7
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