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    1213 Rd F .2 Moses Lake, WA 98837

    Sponsored
    For Sale
    $3,500,000

    Eight-unit, Class A duplexes, high occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a portfolio of four identical, newly constructed duplexes totaling eight units, situated on a 1.32-acre lot overlooking the Moses Lake Golf Club. Built in 2022, these Class A properties boast 12,568 square feet of net rentable space and currently enjoy 100% occupancy with corporate tenants under a three-year lease. Each unit features spacious living areas, modern amenities including quartz countertops, stainless steel appliances, soft-close solid cabinets, a private garage, and in-unit washer/dryer hookups. The property's location in Moses Lake, Washington (1213 Rd F .2 NE, 98837) offers convenient access to major highways, schools, shopping, and recreational facilities, ensuring a strong tenant pool. The current Net Operating Income (NOI) is $213,073, resulting in a 6.09% capitalization rate. The asking price is $3,500,000, or $437,500 per unit. A current loan with a 5.8% interest rate is assumable by qualified buyers, presenting a significant advantage in today's market. This stabilized investment offers a compelling return and strong potential for future appreciation. The property is zoned 18-Residential.

    Property Features for 1213 Rd F .2

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Year Built
    2022
    Buildings
    4
    Stories
    1
    Units
    8

    HighLights

    • New Construction.
    • Eight‑unit duplex development situated on a golf course.
    • Each unit features a private garage.
    • Washer/dryer included in each unit.
    • Kitchens boast quartz countertops, stainless steel appliances, and soft‑close cabinetry.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Building Supply Wholesale Shop Clothing Store Hotel & Motel Gym & Fitness Storage Facility Women's Store Pet Store Steakhouse

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.359262
    Latitude
    47.105181

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit, Class A duplexes, high occupancy.
    Where is this multifamily property located?
    The property is located at 1213 Rd F .2 Moses Lake, WA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: New Construction.; Eight-unit duplex development situated on a golf course.; Each unit features a private garage.
    Request Owner's contact information
    1213 Rd F .2 Moses Lake, WA 98837
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1213 Rd F .2 Moses Lake, WA 98837
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