About 11 E Main Street
Did you know you can get a loan based on rent income, not your income - DSCR Loans. This property's ratio: 1.38 Discover a Prime Investment Opportunity in the heart of Soap Lake, Wa. This property offers an unique blend of multi-family residential and commercial space and is perfect for investors. This versatile property comprises of one Commercial space, 2 Single Bedroom units, and 3 Studio Apartments; 100% occupancy for numerous years, with commercial tenant approaching 20 years - residential tenants are on month to month basis, but would love to continue tenancy. The property is positioned at the intersection of Division and Main, and enjoys a coveted corner location within walking distance to the beach and parks.
Features of 11 E Main Street
| MLS® # | 2288749 |
|---|---|
| List Price | $499,950 |
| Sale Price | $485,000 |
| Price Per SqFt | $266 |
| Bathrooms | 0.00 |
| Square Footage | 1,820 |
| Acres | 0.29 |
| Year Built | 1940 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 11 E Main Street |
|---|---|
| Area | 291 - North Central Grant County |
| Subdivision | Soap Lake |
| City | Soap Lake |
| County | Grant |
| State | WA |
| Zip Code | 98851 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Lot Description | Corner Lot, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Soap Lake |
|---|---|
| Elementary | Soap Lake Elem |
| Middle | Soap Lake Mid & High |
| High | Soap Lake Mid & High |
Additional Information
| Days on Market | 350 |
|---|---|
| Cumulative Days on Market | 350 |
| Days on Website | 73 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |