Property Details

The Investment Sales Group is pleased to present 1029 South Division St, a 10-unit buildinglocated in the heart of Moses Lake. This $1,120,000 investment property offers high-qualityliving with amenities such as a coin-operated laundry facility, along with modernizedinfrastructure, including copper plumbing and updated electrical systems that ensure longtermreliability. The property is renovated, with 9 out of 10 units currently upgraded, offeringtenants a premium living experience.The property is situated in a growing area of Moses Lake, just 0.3 miles from the Moses Lakewaterfront and McCosh Park, providing residents with exceptional access to the city’srecreational spaces. The region benefits from a rapidly expanding battery manufacturingdistrict, ensuring a strong influx of labor and economic growth.The property offers strong potential for both stability and growth, with a 6.45% current caprate and a market cap of 7.15%. The current GRM is 9.68, and the market GRM stands at 8.01,indicating strong rental income potential and attractive investment returns. The opportunity tofully renovate the final unit provides additional upside potential for investors seeking futuregrowth.