408 Main Street, Conconully, WA 98819
- $349,000
- 1,404
- SqFt
Listing courtesy of Windermere RE/Lake Chelan.
- List Price
- $349,000
- Status
- ACTIVE
- MLS#
- 2189461
- Price Change
- ▼ $26,000 1710549495
- Days on Market
- 69
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 1,404
- Area Total SqFt
- 1404
- Annual Tax Ammount
- 1657.68
- Lot Size (sq ft)
- 4,792
- Sewer
- Sewer Connected
Property Description
Discover a lucrative investment in the scenic town of Conconully! Creekside 4-plex w/ updated studio apartments nestled in a recreational haven known for fishing, camping, ATV exploration, & hiking. Nightly rentals allowed, but currently occupied w/ excellent long-term tenants, immediate income w/ 0% vacancy. Salmon Creek runs alongside, providing creek access for tenants to enjoy. Updates include new metal roof, hardwood floors, pex plumbing, electrical panel, sidewalk, fresh paint & cupboards/countertops, ensuring a hassle-free ownership experience. Conconully is famous for hosting The Outhouse Races in January, attracting visitors from far & wide. Your future tenants will enjoy being front & center for this quirky & fun local tradition.
Additional Information
- List Date
- 2024-03-11 18:50:41
- Community
- Conconully
- Net Operating Income
- $18,995
- Gross Adjusted Income
- $31,080
- Gross Scheduled Income
- $31,080
- Total Monthly Income
- $2,590
- Insurance Expenses
- $3,780
- Water/Sewer/Garbage Expenses
- $3,300
- Gross Rent Multiplier
- 12.06
- Total Expenses
- $12,085
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 408
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1983
- Waterfront
- Yes
- View
- City
- Roof
- Metal
- Site Features
- Fenced-Partially
- Electric Expenses
- 2400
- Other Expenses
- 948
- Energy Source
- Electric
- School District
- Omak
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,590
- Gross Scheduled Income
- $31,080
- Gross Adjusted Income
- $31,080
- Tax Year
- 2023
- Insurance Expense
- $3,780
- W/S/G Expenses
- $3,300
- Total Expenses
- $12,085
- Net Operating Income
- $18,995
- Gross Rent Multiplier
- 12.06
- Cap Rate
- 5
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