408 Main Street, Conconully, WA 98819
- $349,000
Listing courtesy of Windermere RE/Lake Chelan.
- List Price
- $349,000
- Status
- ACTIVE
- MLS#
- 2189615
- Price Change
- ▼ $26,000 1710549459
- Days on Market
- 122
- Annual Tax Ammount
- 1658
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
- Community
- Conconully
- Building Condition
- Good
- Style
- 64 - Hotel/Motel
- Year Built
- 1983
- # of Assigned Spaces
- 4
- Waterfront
- Yes
- Waterfront Description
- Bank-Medium, Creek
- Roof
- Metal
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Hardwood
- Flooring
- Hardwood, Vinyl
- Driving Directions
- GPS maps correctly. Main Street, Conconully. Right side. See RE sign & "Creekside Lodging" sign.
- Electric Expenses
- 2400
- Other Expenses
- 948
- Energy Source
- Electric
- Buyer Agency Compensation
- 2.5
- Net Operating Income
- $18,994
- Gross Scheduled Income
- $31,080
- Water/Sewer/Garbage Expenses
- $3,300
- Cap Rate
- 5
- Total Expenses
- $12,086
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