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Listed by:Kelly Right RE of Spokane LLC • Shelli Churchill
$ 1,200,000
Est. payment /mo
New
15029 State Route 97A Entiat, WA 98822
26 Beds
13 Baths
1.61 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Entiat
MLS Listing ID 2564544
Style 56 - 10+ Units
Bedrooms 26
Year Built 1944
Annual Tax Amount $5,112
Lot Size 1.610 Acres
Property Sub-Type Multi Family
Property Description
Exceptional value-add investment opportunity featuring 13 two-bedroom, one-bath apartment units situated on approximately 1.6 acres overlooking the Columbia River aka Lake Entiat. The property currently generates income from 11 occupied units, while two units are occupied by on-site maintenance personnel and one additional space is utilized for storage. Several residents have called this property home for more than 20 years, resulting in long-term tenancy and stable occupancy. While many units have not been updated during those long tenancies, several units have been improved in recent years, creating an opportunity for a new owner to continue renovations as units become available. Existing rents are below market, offering significant upside through thoughtful updates and future rent adjustments. Conveniently located just 20 minutes from Wenatchee and Lake Chelan, the property also offers Columbia River views and long-term investment potential. The generous parcel and highly visible location provide additional future development possibilities, subject to buyer verification of zoning and local regulations.
Location
State WA
County Chelan
Area 964 - Entiat
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N Yes
View Lake, Partial
Roof Type Composition
Building
Sewer Septic Tank
Water Individual Well
New Construction No
Schools
Elementary Schools Paul Rumburg Elem
Middle Schools Entiat Jnr Snr High
High Schools Entiat Jnr Snr High
School District Entiat
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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