308 N Emerson Street Chelan, WA 98816

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$1,395,000

Market Estimate

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0 Beds
0 Baths
5,752 sq. ft.
Multi-Family
Listing# 1672145

Listing provided courtesy of: CB Cascade - Lake Chelan

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Views: 39 Days On Site: 149

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Property Details

Description

Extremely rare 8 plex multifamily complex in the heart of Downtown Lake Chelan. One block from the police station and town hall, grocery stories and other downtown amenities. Large corner lot with ample parking for all 8 units. Excellent income and occupancy rates. Room for income growth as units are not renting for new market rates due to landlord. Two buildings that are in great shape with vinyl siding and a metal roof. Low maintenance and turnkey setup.

General Features
- County Or Parish Chelan
- Furnished Unfurnished
- Leasable Area 5752
- Leasable Area Units Square feet
- MLS Area Major 961 - Lake Chelan
- New Construction Y/N No
- Property Sub Type Multi-Family
- Special Listing Conditions None
- Style Code 55 - 5-9 Units
- Subdivision Name Chelan
- Tax Annual Amount 2023
- Tax Year 2020
- Year Built 1982
Building Features
- Building Area Total 5752
- Building Area Units Square feet
- Exterior Features Metal/Vinyl
- Foundation Details Poured Concrete
- Heating Y/N Yes
- Living Area 0
- Living Area Units Square feet
- Roof Metal
Property Features
- Carport Spaces 0
- Carport Y/N No
- Covered Spaces 0
- Irrigation Water Rights Y/N No
- Lot Features Corner Lot, Paved
- Lot Size Acres 0.24
- Lot Size Square Feet 10454
- Lot Size Units Square feet
- Open Parking Spaces 16
- Open Parking Y/N Yes
- Parking Total 16
- Sewer Sewer Connected
- Utilities Sewer Connected,Electricity Available
- View Y/N No
- Waterfront Y/N No
Schools
- Elementary School Morgen Owings Elem
- High School Chelan High
- High School District Lake Chelan
- Middle Or Junior School Chelan Mid

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Neighborhood

98816 (Chelan) Demographics

41 Median Age

16 Population Density (per sq. mile)

28% College Educated

$48,316 Estimated Median Income

1,842 Estimated Total Home Owners

774 Estimated Total Renters

70% / 30% Estimated Owner / Renter Divide

2 Estimated Average Household Size

6,504 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$485,000 Median Sales Price

15 Homes Sold

17 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $1,395,000
11/19/2020 8:16:54 PM	Price Reduced Source	New Value: $1,395,000	-6.69%
10/2/2020 6:41:00 PM	New in Database Source	New Value: $1,495,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

308 N Emerson Street $1,395,000