Property Details

Exceptional value-add investment opportunity featuring 13 two-bedroom, one-bath apartment units situated on approximately 1.6 acres overlooking the Columbia River aka Lake Entiat. The property currently generates income from 11 occupied units, while two units are occupied by on-site maintenance personnel and one additional space is utilized for storage. Several residents have called this property home for more than 20 years, resulting in long-term tenancy and stable occupancy. While many units have not been updated during those long tenancies, several units have been improved in recent years, creating an opportunity for a new owner to continue renovations as units become available. Existing rents are below market, offering significant upside through thoughtful updates and future rent adjustments. Conveniently located just 20 minutes from Wenatchee and Lake Chelan, the property also offers Columbia River views and long-term investment potential. The generous parcel and highly visible location provide additional future development possibilities, subject to buyer verification of zoning and local regulations.