30 Cherry Street S Unit #30, Soap Lake, WA 98851
- $350,000
- 1,164
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $350,000
- Status
- ACTIVE
- MLS#
- 2505688
- Days on Market
- 110
- Style
- 54 - 4-Plex
- Finished SqFt
- 1,164
- Area Total SqFt
- 1164
- Annual Tax Ammount
- 1294
- Lot Size (sq ft)
- 9,997
- Sewer
- Sewer Connected
Property Description
Dreaming of living in a cottage by the lake or running your own short term rentals. Close to the shores of scenic Soap Lake, downtown, restaurants and shopping are 4 sunny little cottages with a large 200ft/2 storage shed with room to expand. Enjoy the whimsically decorated private space for yourself or guests where everyone can have their own space. Each cottage has a kitchenette bathroom and living space. Must see, especially if you are thinking about starting or building your multifamily portfolio.
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Additional Information
- List Date
- 2026-04-10 21:58:14
- Community
- Soap Lake
- Net Operating Income
- $15,785
- Gross Adjusted Income
- $15,785
- Gross Scheduled Income
- $26,100
- Total Monthly Income
- $2,175
- Insurance Expenses
- $8,000
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 13.4
- Total Expenses
- $15,294
- Cap Rate
- 4.51
- Vacancy Rate
- 8
- Total Number of Units
- 4
- Unit Name
- 30
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1936
- View
- Territorial
- Roof
- Composition
- Site Features
- Outbuildings
- Electric Expenses
- 3000
- Energy Source
- Electric
- School District
- Soap Lake
- Elementary School
- Soap Lake Elem
- Middle School
- Soap Lake Mid & High
- High School
- Soap Lake Mid & High
- Total Monthly Income
- $2,175
- Gross Scheduled Income
- $26,100
- Vacancy Rate
- 8
- Gross Adjusted Income
- $15,785
- Tax Year
- 2026
- Insurance Expense
- $8,000
- W/S/G Expenses
- $3,000
- Total Expenses
- $15,294
- Net Operating Income
- $15,785
- Gross Rent Multiplier
- 13.4
- Cap Rate
- 4.51
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.