511 Yakima Street
Wenatchee, WA 98801
$1,475,000
Price
—
Beds
5,640 Sq. Ft.
$262 / Sq. Ft.
5,640
Sq. Ft.
$262
per Sq. Ft.
Listing provided courtesy of CB Cascade - Lake Chelan
Description
Discover a remarkable investment opportunity in the heart of Wenatchee with this multi-family property featuring 10 units across three bldg. 511 Yakima St was built in 1921 and is full of charm while 515 Yakima St was built in 1991 adding younger units to the portfolio. Perfectly situated for convenience, this property offers easy access to local amenities and attractions, making it an ideal home for tenants. Enjoy the convenience of onsite laundry facilities and off-street parking, ensuring comfort...Discover a remarkable investment opportunity in the heart of Wenatchee with this multi-family property featuring 10 units across three bldg. 511 Yakima St was built in 1921 and is full of charm while 515 Yakima St was built in 1991 adding younger units to the portfolio. Perfectly situated for convenience, this property offers easy access to local amenities and attractions, making it an ideal home for tenants. Enjoy the convenience of onsite laundry facilities and off-street parking, ensuring comfort and accessibility for all residents. With an excellent tenant history and additional storage options for tenants, this property promises a reliable income stream. Don't miss out on the chance to add this prime real estate to your portfolio!
- Listed by Jolene K. Baker • CB Cascade - Lake Chelan
Property Details for 511 Yakima Street
Community Name
Wenatchee
School DistrictWenatchee
ViewTerritorial
Number of Assigned Spaces10
Total Covered Parking0
Entry Date08-01-2024
Energy SourceElectric
SewerAvailable
LISTING UPDATED: 11/13/2024 12:24 PM
Property Details for 511 Yakima Street
| Status | Active |
|---|---|
| MLS # | 2273147 |
| Days on Market | 115 |
| Cumulative Days on Market | 115 |
| Taxes | $7,110 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1991 |
| Lot Size | 0.26 AC / 11,326 SF |
| County | Chelan County |
Building Information for 511 Yakima Street
Stories2Residences-Year Built1991Building Size-Lot Size0.26 AC / 11,326 SF
Property Information for 511 Yakima Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 971 - Wenatchee
- Block: 34
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: N Chelan Ave left on Orondo Ave or Mission St, right on Orondo- Left on Okanogan Ave, Right on Yakima St.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 10.0
- 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, Carpet
- Features: Wall to Wall Carpet
- Amenities: Basement,Elevator,Storage
- Cooling: Yes
- Cooling: Wall Unit(s), Window Unit A/C
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 9816.01
- Power Company: Chelan County PUD
- Sewer Company: City of Wenatchee
- Water Company: City of Wenatchee
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- MLS Square Footage Source: Assessor
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1991
- Photos Count: 19
Lot Information
- Lot Details: Alley, Paved, Sidewalk
- Lot Size Dimensions: 11325.60
- Lot Number: 39,v40, 41 and 42
- Lot Size Source: Assessor
- Parcel Number Free Text: 222010590534
- Building Condition: Average
- Calculated Square Footage: 5640
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5640.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 10
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 0
- Units Below Grade: false
- Units In Building Total: 10
Financing / Income and Expenses
- Electric Expense: $1,121
- Total Expenses: 28712.67
- Gross Adjusted Income: 124980
- Gross Rent Multiplier: 11
- Gross Scheduled Income: $124,980
- Insurance Expense: $10,665
- Net Operating Income: $96,267
- Other Expenses: $0
- Total Monthly Income: 10415
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5640.0
- Leasable Area Units: Square Feet
Property History for 511 Yakima Street
| 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.
Schools near 511 Yakima Street
This home is within Wenatchee 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 |
|---|---|---|
Columbia Elementary School PublicK to 5 | ||
Orchard Middle School Public6 to 8 | ||
Wenatchee High School Public9 to 12 | ||
Open Doors Re-Engagement Wenatchee 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 CB Cascade - Lake Chelan
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.
