11 E Main Street
Soap Lake, WA 98851
1820 sqft | 0.29 acres | #2288749
Description
Did you know you can get a loan based on rent income, not your income - DSCR Loans. This property's ratio: 1.38 Discover a Prime Investment Opportunity in the heart of Soap Lake, Wa. This property offers an unique blend of multi-family residential and commercial space and is perfect for investors. This versatile property comprises of one Commercial space, 2 Single Bedroom units, and 3 Studio Apartments; 100% occupancy for numerous years, with commercial tenant approaching 20 years - residential tenants are on month to month basis, but would love to continue tenancy. The property is positioned at the intersection of Division and Main, and enjoys a coveted corner location within walking distance to the beach and parks.
Property Details
- Lot DescriptionCorner Lot, Paved, Sidewalk
- Middle SchoolSoap Lake Mid & High
- High SchoolSoap Lake Mid & High
- Date ListedSeptember 12, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style55 - 5-9 Units
- Elementary SchoolSoap Lake Elem
- Exterior MaterialsWood Products
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Utility SourceCommunity
- SubdivisionSoap Lake
- School DistrictSoap Lake
- Original List Price$525,000
- MLS #2288749
- MLS #2288749
- Acres0.2899
- Taxes Annual$1,181
- Cost525000
- CountyGrant
- ViewLake
- Square Feet1820
- Year Built1940
- Property ConditionGood
- Days on Market (Cumulative)100
- Stories2
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-05 03:13:09. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Kim Randolph Meaney (#NWM92997)
Listing Office: Keller Williams Columbia Basin (#NWM6663)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
