68 Highway 28
Soap Lake, WA 98851
$1,125,000
Price
1
Beds
2
Baths
6,192 Sq. Ft.
$182 / Sq. Ft.
6,192
Sq. Ft.
$182
per Sq. Ft.
Listing provided courtesy of Windermere RE K-2 Realty
Description
Located between Ephrata and Soap Lake, there are 14 units, plus a small rental storage space. 100% occupancy rate! Please note that there are 10 studio units, 4 1-bedroom units, and 1 storage unit. Cable and power are included in rent. Two parcels included with the sale, Parcel 081202000, and the storage unit is on Parcel 081203000.Located between Ephrata and Soap Lake, there are 14 units, plus a small rental storage space. 100% occupancy rate! Please note that there are 10 studio units, 4 1-bedroom units, and 1 storage unit. Cable and power are included in rent. Two parcels included with the sale, Parcel 081202000, and the storage unit is on Parcel 081203000.
- Listed by Jay P. Kincaid • Windermere RE K-2 Realty
Property Details for 68 Highway 28
Community Name
Soap Lake
School DistrictSoap Lake
ViewCity, Territorial
Number of Assigned Spaces20
Total Covered Parking0
Entry Date01-29-2024
Energy SourceElectric,Oil
SewerSeptic Tank
LISTING UPDATED: 11/13/2024 12:19 PM
Property Details for 68 Highway 28
| Status | Active |
|---|---|
| MLS # | 2193185 |
| Days on Market | 301 |
| Cumulative Days on Market | 292 |
| Taxes | $3,243 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1947 |
| Lot Size | 0.69 AC / 30,000 SF |
| County | Grant County |
Building Information for 68 Highway 28
Stories1Residences3Year Built1947Building Size-Lot Size0.69 AC / 30,000 SF
Property Information for 68 Highway 28
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Cable TV, High Speed Internet
- Area: 291 - North Central Grant County
- Block: 8
- Effective Year Built Source: Public Records
- Directions: State Highway 28, between Soap Lake and Ephrata, property is on the west side of Highway 28.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 20.0
- 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: Storage
- Cooling: Yes
- Cooling: Wall Unit(s)
- Fireplace: No
- Heating: Yes
- Heating: Radiator
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 2280
- Power Company: Grant County PUD
- Water Company: Lakeview Water Park
- Power Production Type: Electric, Oil
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Concrete Ribbon
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1947
- Photos Count: 22
Lot Information
- Lot Details: Paved
- Lot Size Dimensions: 37500
- Lot Number: 6 & 7 & Parts of Lot 8
- Lot Size Source: County Records
- Parcel Number Free Text: 081202000
- Building Condition: Fair
- Calculated Square Footage: 6192
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6192.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 20
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 15
Financing / Income and Expenses
- Electric Expense: $7,800
- Total Expenses: 26283
- Gross Adjusted Income: 100317
- Gross Rent Multiplier: 10.27
- Gross Scheduled Income: $126,600
- Insurance Expense: $7,560
- Net Operating Income: $100,317
- Other Expenses: $5,400
- Total Monthly Income: 10550
- Fuel Expense: $0
Unit 1
- Name Unit 1: x4
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 375
- Rent Unit 1: $775.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: x10
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 350
- Rent Unit 2: $725.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: x1
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: false
- Refrigerator Unit 3: false
- Dishwasher Unit 3: false
- Rent Unit 3: $200.00
- Bedrooms Unit 3: 0
- Bathrooms Unit 3: 0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5808.0
- Leasable Area Units: Square Feet
Property History for 68 Highway 28
| 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 68 Highway 28
Taxable ValueLand$24,035Additions$293,517Total$317,552
Home Facts
Total Finished SqFt5,808 SqFtAbove Ground SqFt5,808 SqFtStories1Lot Size30,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947CountyGRANTAPN081202000
Schools near 68 Highway 28
This home is within Soap Lake School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Soap Lake Elementary School PublicPK to 5 | ||
Soap Lake Middle & High School Public6 to 12 | ||
RISE Academy 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 K-2 Realty
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.
