1213 Rd F .2 Moses Lake, WA 98837
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1213 Rd F .2
- Year built
- 2022
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moses Lake
- County
- Grant
- State
- Washington
- Longitude
- -119.359
- Latitude
- 47.1052
