713 3rd Ave NE, Ephrata, WA 98823
- $1,825,000
Listing courtesy of RE/MAX, The Collective.
- List Price
- $1,825,000
- Status
- ACTIVE
- MLS#
- 2562997
- Days on Market
- 14
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 12261
- Lot Size (sq ft)
- 17,999
- Sewer
- Sewer Connected
Property Description
LOOKING FOR A NEWLY BUILT FULLY LEASED UP INVESTEMNT OPPORTUNITY, THEN YOU WILL WANT TO LOOK AT THIS PROPERTY TO START OR ADD TO YOUR PORTFOLIO!!!!! THIS PROPERTY HAS AN EXCELLENT UPSIDE AND WOULD BE A GREAT INVESTMENT!!! ANNUAL LEASES ARE IN PLACE TO INSURE CONSISTENT RENTAL INCOME!!!
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Additional Information
- List Date
- 2026-08-27 23:13:13
- Community
- Ephrata
- Net Operating Income
- $91,787
- Gross Adjusted Income
- $127,808
- Gross Scheduled Income
- $131,760
- Total Monthly Income
- $10,980
- Insurance Expenses
- $6,600
- Water/Sewer/Garbage Expenses
- $15,960
- Gross Rent Multiplier
- 13.85
- Total Expenses
- $36,021
- Cap Rate
- 5
- Vacancy Rate
- 3
- Total Number of Units
- 8
- Unit Name
- 713
- Potential Terms
- Cash, Conventional
- Year Built
- 2023
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 1200
- Energy Source
- Electric
- School District
- Ephrata
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $10,980
- Gross Scheduled Income
- $131,760
- Vacancy Rate
- 3
- Gross Adjusted Income
- $127,808
- Tax Year
- 2026
- Insurance Expense
- $6,600
- W/S/G Expenses
- $15,960
- Total Expenses
- $36,021
- Net Operating Income
- $91,787
- Gross Rent Multiplier
- 13.85
- Cap Rate
- 5
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.