10490 10514 S Lakeshore Road, Chelan, WA 98816
- $1,499,000
- 3,008
- SqFt
Listing courtesy of Jae Evans Real Estate.
- List Price
- $1,499,000
- Status
- ACTIVE
- MLS#
- 2062293
- Price Change
- ▼ $6,000 1708996264
- Days on Market
- 357
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,008
- Area Total SqFt
- 3008
- Annual Tax Ammount
- 6064
- Lot Size (sq ft)
- 25,264
- Sewer
- Septic Tank
Property Description
Lake Chelan waterfront at its best! Unique opportunity to own 2 successful, fully permitted vacation rental houses. These 2 turn-key homes are almost identical, w/combined total 100 ft of waterfront & buoy for boat moorage. Dock plans complete. Great rental income history. Main floors feature open functional floorplan boasting beautiful, serene Lake Chelan views. Lots of natural light. In addition to main level primary bedroom, each home has a large bunkroom downstairs & a queen bed up in loft. Large decks in back facing lake offer beautiful 180 degree views of lake & mountains. Multiple outdoor areas including in-ground pool are perfect for entertaining. Been used as both a great income producing VBRO and as a family residential compound.
Additional Information
- List Date
- 2023-05-17 17:39:09
- Community
- South Shore
- Net Operating Income
- $87,834
- Gross Adjusted Income
- $102,156
- Gross Scheduled Income
- $227,013
- Total Monthly Income
- $2
- Insurance Expenses
- $2,316
- Water/Sewer/Garbage Expenses
- $1,251
- Gross Rent Multiplier
- 6.78
- Total Expenses
- $14,322
- Cap Rate
- 5.7
- Vacancy Rate
- 55
- Total Number of Units
- 2
- Unit Name
- 10490 10514
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2010
- Waterfront
- Yes
- View
- Lake, Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio, Propane, RV Parking
- Electric Expenses
- 2849
- Other Expenses
- 1842
- Energy Source
- Electric
- School District
- Lake Chelan
- Elementary School
- Morgen Owings Elem
- Middle School
- Chelan Mid
- High School
- Chelan High
- Total Monthly Income
- $2
- Gross Scheduled Income
- $227,013
- Vacancy Rate
- 55
- Gross Adjusted Income
- $102,156
- Tax Year
- 2022
- Insurance Expense
- $2,316
- W/S/G Expenses
- $1,251
- Total Expenses
- $14,322
- Net Operating Income
- $87,834
- Gross Rent Multiplier
- 6.78
- Cap Rate
- 5.7
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