600 Douglas Street, Wenatchee, WA 98801
- $1,100,000
- 5,485
- SqFt
Listing courtesy of CB Cascade RE - Wenatchee.
- List Price
- $1,100,000
- Status
- PENDING - BACKUP OFFER REQUESTED
- MLS#
- 2475160
- Days on Market
- 97
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,485
- Area Total SqFt
- 5485
- Annual Tax Ammount
- 6653
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
The Financials are strong with this one!! Nine-unit complex in the center of Wenatchee available for purchase. Currently at 100% occupancy and fully leased, this investment property brings in $11,700 in rents per month. Additional income from coin-op laundry too. ***That's a 9.65% NET CAP RATE & 7.84 GROSS RENT MULTIPLIER*** Units consist of four 2 bed/1 bath, three 1 bed/1 bath, two studios and one 3 bed/1 bath apartments. Common area and most units have been recently remodeled. Every unit is separately metered. Additional benefits include garage for on-site storage and large basement where laundry and more storage is located. One of the tenants is an on-site groundskeeper who does upkeep of property and cleans units for new tenants at time of move out. He does all this for slightly reduced rent and would like to continue for the new owners. Huge benefit in this!! Central location gives tenants walking accessibility to healthcare, grocery stores, restaurants and entertainment. Financials and leases available upon request. 48-hour minimum notice for showings. Do not disturb tenants.
/u.realgeeks.media/jackieblanchfield1/jackie.jpg)
Additional Information
- List Date
- 2026-04-20 15:21:11
- Community
- Wenatchee
- Net Operating Income
- $106,149
- Gross Adjusted Income
- $134,784
- Gross Scheduled Income
- $140,400
- Total Monthly Income
- $11,735
- Insurance Expenses
- $6,482
- Water/Sewer/Garbage Expenses
- $11,500
- Gross Rent Multiplier
- 7.84
- Total Expenses
- $28,635
- Cap Rate
- 9.65
- Vacancy Rate
- 4
- Total Number of Units
- 10
- Unit Name
- 600
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1920
- View
- Mountains, Territorial
- Roof
- Composition, Metal
- Electric Expenses
- 4000
- Energy Source
- Electric
- School District
- Wenatchee
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $11,735
- Gross Scheduled Income
- $140,400
- Vacancy Rate
- 4
- Gross Adjusted Income
- $134,784
- Tax Year
- 2025
- Insurance Expense
- $6,482
- W/S/G Expenses
- $11,500
- Total Expenses
- $28,635
- Net Operating Income
- $106,149
- Gross Rent Multiplier
- 7.84
- Cap Rate
- 9.65
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.