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Medical Lake Apartment

304, Barker St, Medical Lake, WA 99022
$775,000

Description

Medical Lake Apartment (Status: Pending)

304, Barker St, Medical Lake, WA  99022

10 unit multi-family building offered at 8.6% cap rate. Brick, 2 story building. Attached carport. Laundry room on each floor. All units are currently occupied. 4x 1 bed, 1 bath units, and 6x 2 bed, 1 bath units. New roof, including trusses, in 2018.

Gross monthly income is currently $6,780. TONS of updates in last 2 years. Separate, locking storage areas are located in laundry rooms, have been used for additional income in the past.

Projected NOI for 2020: $62,620

* Multiple offers have been received – send your highest and best offers by 5:00PM (PST), Monday, January 27, 2020.

Listing Details

Asset Class: Multi-Family
Year Built: 1966
Building Total Square Feet: 7194
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information:

CBA

Listing Courtesy of: Prime Real Estate Group

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 304, Barker St, Medical Lake, WA 99022
  • City: Medical Lake
  • State/county: WA
  • Zip/Postal Code: 99022
  • Neighborhood: South Spokane County
  • Country: United States

Detail

Updated on February 20, 2020 at 7:50 pm

  • Property ID: 622429
  • Price: $775,000.00/For Sale
  • Property Size: 7194 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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