Listing Courtesy of:
COMPASS
Agency Phone: 425-637-7777
BEDS0
BATHS
MLS#2480951
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMoses Lake
SCHOOLMoses Lake
Listing Courtesy of:
COMPASS
Agency Phone: 425-637-7777
Property Description
1029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1,250,000. The building features desirable tenant amenities like coin-operated laundry and upgraded major systems including copper plumbing and updated electrical, supporting long-term reliability. With 9 of 10 units upgraded and additional upside remaining through completion of the final unit, investors can capture further rent growth while benefiting from strong in-place performance (5.78% current cap vs. 6.41% market cap) and attractive income metrics (10.81 current GRM vs. 8.94 market GRM). Ideally located just 0.3 miles from the Moses Lake waterfront and McCosh Park, the property is positioned to benefit from local momentum, including expansion tied to the regions growing battery manufacturing district.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.04 Acres
Roof Type: Flat
Taxes: $3,796
Year Built: 1954
Feature Descriptions
Days on Site: 32
Exterior: Brick, Cement/Concrete, Wood Products
Lot: Paved, Sidewalk
Parcel#: 11228
Sewer: Sewer Connected
Structure Type: Multi Family
Local Schools
School District: Moses Lake
Listed By / Shown By
Listed By
Agency Name: COMPASS
Agency Phone: 425-637-7777
Shown By
Agency Title: Coldwell Banker Tomlinson Ranch & Home
Agency Phone: (509) 766-0300
Estimate Your Payment
Estimated Payment
$ 3,462.87 per month $2,781.96 Principal & Interest $316.33 Property Tax $364.58 Homeowner's Insurance
1029 S Division Street | MLS# 2480951
This multi-family property located at 1029 S Division Street , Moses Lake, WA 98837 is currently listed for sale with an asking price of $1,250,000. S Division Street is located within the Moses Lake school district. Search Moses Lake real estate on www.cbmoseslake.com today.