125 East Chelan Avenue
Chelan, WA 98816
$750,000
Price
—
Beds
2,250 Sq. Ft.
$333 / Sq. Ft.
2,250
Sq. Ft.
$333
per Sq. Ft.
Listing provided courtesy of Windermere RE/Lk Chelan Dwntwn
Description
Welcome to 125 & 129 Chelan Ave! 2 parcels consisting of a small 1 bed 1 bath home, duplex with a 2 bed 2 bath unit, 2 bed 1 bath unit, & separately rented garage space accessed by rear alley (4 "units" in total). There are 4 storage lockers in rear of property providing some added rental income & space for renters. This fully occupied property currently has long term tenants in each space, but is also zoned Downtown Mixed Use which allows for Short Term Rentals providing additional flexibility and...Welcome to 125 & 129 Chelan Ave! 2 parcels consisting of a small 1 bed 1 bath home, duplex with a 2 bed 2 bath unit, 2 bed 1 bath unit, & separately rented garage space accessed by rear alley (4 "units" in total). There are 4 storage lockers in rear of property providing some added rental income & space for renters. This fully occupied property currently has long term tenants in each space, but is also zoned Downtown Mixed Use which allows for Short Term Rentals providing additional flexibility and alternative future rental income options. Approx 2,200 of total living space, 450sqft garage space (buyer to verify), and $4,500/mo rental income. Prime location in downtown Chelan just two blocks from the main strip and the lake itself!
- Listed by Rhett J. Crow • Windermere RE/Lk Chelan Dwntwn
Property Details for 125 East Chelan Avenue
Community Name
Chelan
School DistrictLake Chelan
ViewCity
Number of Assigned Spaces6
Total Covered Parking2
Entry Date05-31-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:23 PM
Property Details for 125 East Chelan Avenue
| Status | Active |
|---|---|
| MLS # | 2244537 |
| Days on Market | 170 |
| Cumulative Days on Market | 170 |
| Taxes | $4,057 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1916 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Chelan County |
Building Information for 125 East Chelan Avenue
Stories2Residences4Year Built1916Building Size-Lot Size0.20 AC / 8,712 SF
Property Information for 125 East Chelan Avenue
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Dog Run, Fenced-Partially
- Area: 961 - Lake Chelan
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: Downtown Chelan, Chelan Ave.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 272213512267
Parking
- Number of Carport Spaces: 1.0
- Carport: No
- Open Parking Spaces: 3.0
- 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: Vinyl Plank
- Cooling: Yes
- Cooling: Insert
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Flat
- Security Features: FullyFenced
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 4614
- Power Company: Chelan County PUD
- Sewer Company: City of Chelan
- Water Company: City of Chelan
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Residential,See Remarks
- First Right Of Refusal: false
- Possible Use: Residential, See Remarks
- MLS Square Footage Source: Seller
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1916
- Photos Count: 25
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Number: 15 & 16
- Lot Size Source: Realist
- Parcel Number Free Text: 272213512266
- Building Condition: Good
- Calculated Square Footage: 2250
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2250.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $891
- Total Expenses: 10763
- Gross Adjusted Income: 54000
- Gross Rent Multiplier: 13.9
- Gross Scheduled Income: $54,000
- Insurance Expense: $1,201
- Net Operating Income: $43,237
- Other Expenses: $0
- Total Monthly Income: 4500
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2250.0
- Leasable Area Units: Square Feet
Property History for 125 East Chelan 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 125 East Chelan Avenue
Taxable ValueLand$42,000Additions$53,872Total$95,872
Tax Record2019$878 ($73 / month)
Home Facts
Beds1Total Finished SqFt480 SqFtAbove Ground SqFt480 SqFtStories1Lot Size4,356 SqFtStyleSingle Family ResidenceYear Built1908CountyCHELANAPN272213512266
Schools near 125 East Chelan Avenue
This home is within Lake Chelan School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | K to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Morgen Owings Elementary School PublicK to 5 | ||
Holden Village Community School PublicK to 12 | ||
Chelan Middle School Public6 to 8 | ||
Chelan 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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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 Windermere RE/Lk Chelan Dwntwn
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.
