Property Details

600 Douglas St

Wenatchee, WA 98801

$1,100,000

Available

CBA# 708343 courtesy of CBA Listing firm: Coldwell Banker Lake Chelan Properties

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Commercial

Property Type

5,485

Bldg Sq Ft

Units

9.00%

Cap Rate

1920

Year Built

Property Overview

The Financials are strong with this one!! Nine-unit complex located in downtown Wenatchee is available for purchase. Currently at 100% occupancy and fully leased, this investment property brings in $11,700 in rents per month. Additional income from coin-op laundry too. ***That's a 9.8% NET CAP RATE & 7.84 GROSS RENT MULTIPLIER*** Common area and most units have been recently remodeled. Nine-unit complex spans three addresses: 600 Douglas St, 608 Douglas St, and 612 Idaho St. Every unit is separately metered. Additional benefits include garage for on-site storage and large basement where laundry and more storage is located. One of the tenants is an on-site groundskeeper who does upkeep of property and cleans units for new tenants at time of move out. He does all this for slightly reduced re