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.

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.
  1. Listed by Jay P. Kincaid • Windermere RE K-2 Realty

Property Details for 68 Highway 28

Community Name
Soap Lake
School District
Soap Lake
View
City, Territorial
Number of Assigned Spaces
20
Total Covered Parking
0
Entry Date
01-29-2024
Energy Source
Electric,Oil
Sewer
Septic Tank
LISTING UPDATED: 09/09/2024 01:16 PM

Property Details for 68 Highway 28

StatusActive
MLS #2193185
Days on Market288
Cumulative Days on Market279
Taxes$3,243 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.69 AC / 30,000 SF
CountyGrant 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

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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68 Highway 28 is a multi-family home for sale in Soap Lake, WA 98851. This property was listed for sale on January 29, 2024 by Windermere RE K-2 Realty, it's currently listed at $1,125,000. It has been on the market for a total of 288 days and was last sold on December 15, 2010. This listing's school district is Soap Lake School District. Nearby schools include Soap Lake Elementary School, Soap Lake Middle & High School and RISE Academy. 68 Highway 28 is a 1-bed, 2-bath, 6,192 sqft multi-family home built in 1947.

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.