925 East 18th Avenue
925 East 18th Avenue
Ellensburg, WA 98926
$5,500,000
Price
5
Beds
3
Baths
31,200 Sq. Ft.
$176 / Sq. Ft.
31,200
Sq. Ft.
$176
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
Great investment opportunity for an apartment buyer looking to plant a flag in Eastern Washington or expand their portfolio. Located across the street from Central Washington University, buyers will benefit from strong in-place rents and fully maximize their returns with renovations.Great investment opportunity for an apartment buyer looking to plant a flag in Eastern Washington or expand their portfolio. Located across the street from Central Washington University, buyers will benefit from strong in-place rents and fully maximize their returns with renovations.
- Listed by Winslow Lee • Kidder Mathews
Property Details for 925 East 18th Avenue
Community Name
Airport Road
School DistrictEllensburg
ViewMountain(s), Territorial
Number of Assigned Spaces92
Total Covered Parking0
Entry Date01-26-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 05/20/2024 01:40 PM
Property Details for 925 East 18th Avenue
| Status | Active |
|---|---|
| MLS # | 2194476 |
| Days on Market | 137 |
| Cumulative Days on Market | 95 |
| Taxes | $39,592 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1966 |
| Lot Size | 2.25 AC / 98,010 SF |
| County | Kittitas County |
Location
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Building Information for 925 East 18th Avenue
Stories2Residences3Year Built1966Building Size-Lot Size2.25 AC / 98,010 SF
Payment Calculator
$33,315 per month
30 year fixed, 7.25% Interest
Principal and Interest
$30,016
Property Taxes
$3,299
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 925 East 18th Avenue
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Deck, Patio, Sprinkler System
- Area: 948 - Upper Kittitas County
- Effective Year Built Source: Public Records
- Directions: 925 E 18TH AVE, ELLENSBURG, WA
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 184034
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 92.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://simonandersonteam.com/listings/campus-village/
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 62
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: Yes
- Cooling: Wall Unit(s)
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Flat, See Remarks
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 6551
- Power Company: City of Ellensburg
- Sewer Company: City of Ellensburg
- Water Company: City of Ellensburg
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial
- First Right Of Refusal: false
- Possible Use: Commercial
- MLS Square Footage Source: County Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1966
- Photos Count: 20
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Size Dimensions: 98010
- Lot Size Source: County Records
- Parcel Number Free Text: 184034
- Building Condition: Good
- Calculated Square Footage: 31200
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 31200.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 92
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 41
Financing / Income and Expenses
- Electric Expense: $6,551
- Total Expenses: 187960
- Gross Adjusted Income: 547865
- Gross Rent Multiplier: 15.28
- Gross Scheduled Income: $541,980
- Insurance Expense: $21,100
- Net Operating Income: $359,904
- Other Expenses: $107,615
- Total Monthly Income: 42907
- Fuel Expense: $6,551
Unit 1
- Name Unit 1: 1x1 - 20 Units
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 650
- Rent Unit 1: $1,025.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2x1 - 1 TH Unit
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1200
- Rent Unit 2: $1,490.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 2x1 - 20 Units
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 850
- Rent Unit 3: $1,250.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Owner
- Leasable Area: 31200.0
- Leasable Area Units: Square Feet
Property History for 925 East 18th Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 925 East 18th Avenue
Taxable ValueLand$576,650Additions$3,525,830Total$4,102,480
Home Facts
Total Finished SqFt9,072 SqFtAbove Ground SqFt9,072 SqFtStories2Lot Size98,010 SqFtStyleMulti-Family Dwelling (2-4)Year Built1966ZoningERMCountyKITTITASAPN184034
Schools near 925 East 18th Avenue
This home is within Ellensburg School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 12 | |||
| Public - | K to 5 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
K-12 Ellensburg Learning Center PublicK to 12 | ||
Mount Stuart Elementary School PublicK to 5 | ||
Ellensburg High School Public9 to 12 | ||
Valley View Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.