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Property profile

1213 Road F.2 Moses Lake, WA 98837

OFF-MARKET
Small apartment buildings
Built 2022

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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