117 Lake Street

Conconully, WA 98819

$375,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Sitting beside the creek in downtown Conconully is this great investment opportunity. With a 3 bedroom house, a 3 bedroom apartment and a 2 bedroom apartment, there are several options for you to realize a high CAP rate. All structures have been recently updated and are ready to rent. The apartments have a shared laundry and separate entrances, off street parking, a large deck and patio and nice modern updates. The property is located close to everything in town and is surrounded by numerous lakes...Sitting beside the creek in downtown Conconully is this great investment opportunity. With a 3 bedroom house, a 3 bedroom apartment and a 2 bedroom apartment, there are several options for you to realize a high CAP rate. All structures have been recently updated and are ready to rent. The apartments have a shared laundry and separate entrances, off street parking, a large deck and patio and nice modern updates. The property is located close to everything in town and is surrounded by numerous lakes and mountains.
  1. Listed by Timothy Gilreath • Kelly Right RE of Seattle LLC

Property Details for 117 Lake Street

Community Name
Conconully
School District
Omak
View
Mountain(s), Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
03-21-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:50 AM

Property Details for 117 Lake Street

StatusActive
MLS #2214079
Days on Market271
Cumulative Days on Market271
Taxes$1,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1981
Lot Size0.18 AC / 7,841 SF
CountyOkanogan County

Building Information for 117 Lake Street

Stories2Residences3Year Built1981Building Size-Lot Size0.18 AC / 7,841 SF

Property Information for 117 Lake Street

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Cable TV, Deck, Fenced-Partially, Patio, Rooftop Deck
  • Area: 620 - Okanogan Valley
  • Directions: N through Conconully on Main St. Turn Right on Lakeside. Property on Right after crossing bridge
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: Yes
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
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: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Laminate Tile, Wall to Wall Carpet
  • Cooling: Yes
  • Cooling: Central A/C
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Heat Pump
Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: Metal
  • Waterfront Description: Creek
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Individual Well
  • Water/Sewer/Garbage: 2880
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 33
Lot Information
  • Lot Details: Paved
  • Lot Size Source: County Assessor
  • Parcel Number Free Text: 0510351600
  • Calculated Square Footage: 0
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 6180
  • Gross Adjusted Income: 45000
  • Gross Rent Multiplier: 8
  • Gross Scheduled Income: $46,800
  • Insurance Expense: $1,500
  • Net Operating Income: $40,620
  • Other Expenses: $0
  • Total Monthly Income: 3900
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4500.0
  • Leasable Area Units: Square Feet

Property History for 117 Lake Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 117 Lake Street

Taxable ValueLand$60,500Additions$150,600Total$211,100
Tax Record2023$1,800 ($150 / month)
Home Facts
Beds0Total Finished SqFt1,140 SqFtAbove Ground SqFt1,140 SqFtStories1Lot Size7,841 SqFtStyleSingle Family ResidenceYear Built1963CountyOKANOGANAPN0510351600

Schools near 117 Lake Street

This home is within Omak School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
N Omak Elementary School
PublicPK to 2

E Omak Elementary School
Public3 to 5

Omak Middle School
Public6 to 8

Highlands High School
Public9 to 12

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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117 Lake Street is a multi-family home for sale in Conconully, WA 98819. This property was listed for sale on March 21, 2024 by Kelly Right RE of Seattle LLC, it's currently listed at $375,000. This listing's school district is Omak School District. Nearby schools include N Omak Elementary School, E Omak Elementary School and Omak Middle School. 117 Lake Street is a 0-bed, 0-bath, multi-family home built in 1981.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Kelly Right RE of Seattle LLC

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.