1213 Nanto Road Northeast
Moses Lake, WA 98837
$3,500,000
Price
—
Beds
11,880 Sq. Ft.
$295 / Sq. Ft.
11,880
Sq. Ft.
$295
per Sq. Ft.
Listing provided courtesy of AAI Real Estate LLC
Description
Great investment opportunity! Multifamily, Portfolio of Duplexes for Sale. Featuring four duplexes situated on Moses Lake Golf Club where each unit includes spacious living areas, modern amenities, and ample parking space. Rental increases in 2024 have occured (10% increase over prior year), making Nanto Duplexes an attractive investment option for both seasoned investors and first-time buyers. The financing is assumable for the right buyer. The current tenants are corporate tenants with a 3 year...Great investment opportunity! Multifamily, Portfolio of Duplexes for Sale. Featuring four duplexes situated on Moses Lake Golf Club where each unit includes spacious living areas, modern amenities, and ample parking space. Rental increases in 2024 have occured (10% increase over prior year), making Nanto Duplexes an attractive investment option for both seasoned investors and first-time buyers. The financing is assumable for the right buyer. The current tenants are corporate tenants with a 3 year need for their housing needs. Don't miss out on this fantastic opportunity to own Nanto Duplexes in Moses Lake, WA. Contact us today for more information on this multifamily portfolio of properties for sale.
- Listed by Matthew Russell • AAI Real Estate LLC
Property Details for 1213 Nanto Road Northeast
Community Name
Moses Lake
School DistrictMoses Lake
ViewGolf Course
Number of Assigned Spaces32
Total Covered Parking8
Entry Date07-26-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 10/15/2024 10:12 AM
Property Details for 1213 Nanto Road Northeast
| Status | Active |
|---|---|
| MLS # | 2270529 |
| Days on Market | 110 |
| Cumulative Days on Market | 292 |
| Taxes | $14,807 / year |
| HOA Fees | $6,000 / year |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2022 |
| Lot Size | 1.32 AC / 57,499 SF |
| County | Grant County |
Building Information for 1213 Nanto Road Northeast
Stories1Residences8Year Built2022Building Size-Lot Size1.32 AC / 57,499 SF
Property Information for 1213 Nanto Road Northeast
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 299 - West Moses Lake
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: West I-90 take exit 174 to North Frontage Road. Travel west on North Frontage Road to F.2. Right on Nanto.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 121980000,121981000,121985000
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 24.0
- 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: See Remarks, Carpet
- Features: Wall to Wall Carpet
- Amenities: See Remarks
- Cooling: Yes
- Cooling: Heat Pump
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
Exterior Features
- Exterior: Brick
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 6000
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Slab
- Zoning Class: Residential
- Construction Methods: Post & Beam
- First Right Of Refusal: false
- Possible Use: Residential
- MLS Square Footage Source: Appraisal
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2022
- Photos Count: 7
Lot Information
- Lot Details: Cul-De-Sac
- Lot Size Dimensions: 57499.2
- Lot Size Source: Public Records
- Parcel Number Free Text: 121986000
- Building Condition: Very Good
- Calculated Square Footage: 11880
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 11880.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 24
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 38127
- Gross Adjusted Income: 264000
- Gross Rent Multiplier: 13.26
- Gross Scheduled Income: $264,000
- Insurance Expense: $4,000
- Net Operating Income: $228,273
- Other Expenses: $13,320
- Total Monthly Income: 22000
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 11880.0
- Leasable Area Units: Square Feet
Property History for 1213 Nanto Road Northeast
| 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 1213 Nanto Road Northeast
Taxable ValueLand$77,500Additions-Total$77,500
Tax Record2021$1,046 ($87 / month)
Home Facts
Beds0Lot Size17,860 SqFtStyleResidentialCountyGRANTAPN121986000
Schools near 1213 Nanto Road Northeast
This home is within Moses Lake School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Peninsula Elementary School PublicK to 5 | ||
Frontier Middle School Public6 to 8 | ||
Moses Lake High School Public9 to 12 | ||
MLSD Open Doors Re-Engagement Program 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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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.
Listing Courtesy of AAI Real Estate 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.
