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    OFF-MARKET
    Small apartment buildings

    1213 Road F.2, Moses Lake, WA 98837

    Built 2022
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Small apartment buildings
    Year built 2022
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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