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Listing provided courtesy of Justin Skaar, CB Cascade - Lake Chelan.
Source NWMLS.
308 N Emerson St, Chelan, WA 98816
12
beds
6
baths
5752
ft2
· 10454
ft2 lot
$1,395,000
$243 / ft2
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.
HOA
$0/month
On market
6 months
Year built
1982
Property type
55 5 Plex,Multi Family
Parking
16
MLS
1672145
Price / Sq.Ft.
$243 / ft2
Status
Active
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Based on a price of $1,395,000
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Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$10,463
$4,520
+$227/day
$5,943
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$10,463
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$4,813
not offered
$4,813
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$0
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Property Details
Interior Features & Layout
Heating Details
Baseboard, Wall
Unit 6 Beds
2
Unit 5 Beds
2
Unit 1 Baths
1.00
Unit 4 Beds
2
Unit 2 Baths
1.00
Unit 3 Baths
1.00
Unit 3 Beds
2
Unit 4 Baths
1.00
Unit 2 Beds
2
Unit 1 Beds
2
Unit 5 Baths
1.00
Unit 6 Baths
1.00
Property, Lot, Community & Exterior Features
Total Units In Building
8
Zoning
Multi-Family
Lot Features
Sprinkler System
Lot Size Source
County
Mls Prop Type
55 - 5-Plex, Multi-Family
Building Exterior Details
Metal/Vinyl
Uncovered Spaces
16
Zoning Type
City
Unit 6 Sqft
750
Building Condition
Good
Unit 5 Sqft
750
Style
55 - 5-Plex
Unit 4 Sqft
750
Foundation
Poured Concrete
Unit 3 Sqft
750
Roof
Metal
Effective Year Built
1982
Unit 2 Sqft
750
Lot Details
Corner Lot, Paved Street
Unit 1 Sqft
750
Lot Number
11 & 2
Mls Property Type
Multi-Family
Unit 1 Details
1
Unit 2 Details
2
Unit 3 Details
3
Unit 4 Details
4
Number Stories
2
Unit 5 Details
5
Year Built Source
PR
Unit 6 Details
6
Utilities & Other Information
Water / Sewer / Garbage
12993
Water Source
Public
Power Company
Chelan PUD
Sewer Company
City of Chelan
Energy Source
Electric
Sewer
Sewer Connected
Water Company
City of Chelan
Electric Expenses
3667
Listing Details, Costs & Financing Information
Insurance Expenses
1893
Form 17
Provided
Possession
Closing
Buyer's Agent Commission
3
Terms
Cash Out, Conventional
Net Operating Income
41778
Monthly Rent Unit 1
950
Other Expenses
4762
Monthly Rent
7500
Monthly Rent Unit 2
975
Gross Rent Multiplier
17
Monthly Rent Unit 3
950
Cap Rate
4.00
Monthly Rent Unit 4
950
Monthly Rent Unit 5
950
Monthly Rent Unit 6
925
Tax Year
2020
Sale Type
MLS
Status
Active
Gross Scheduled Income
87150
Offers
RECEIPT
Taxes
2023
Operating Expense
45372, 45372
Preliminary Title Ordered
Preliminary Title Ordered
Apn
272213512245
Gross Adjusted Income
41778
School Neighborhood & Directions
Elementary School
Morgen Owings Elem
Block
17
High School
Chelan High
Directions
From Woodin Ave take a left on N. Emerson Property on right- Cross Streets are N. Emerson and E. Chelan Ave.
Middle School
Chelan Mid
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 13, 2021 12:08pm
Neighborhood snapshot
68
Properties for sale
27.5
Median days on market
$216.80
Median sold price/sqft
101.49%
Sold/List %
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Property History
11/19/2020
11/19/2020
NWMLS #1672145
active
NWMLS #1672145
$1,395,000
--6.69%
10/02/2020
10/02/2020
NWMLS #1672145
active
NWMLS #1672145
$1,495,000
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