$799,000

8 Beds 8 Baths 3,920 SQFT 0.21 Acres
Type: Multi-Family

1686 S Mission Street # 1
Wenatchee, WA 98801

MLS#: 2576735
Presented by: Premier One Properties and NWMLS

Property Description

 

Exceptional Investment Opportunity! This immaculate, turnkey 4-plex offers an outstanding opportunity for an investor looking for a well-maintained property with strong rental history, market rents, and immediate income potential. Generating $77,700 in annual gross income with an attractive 7.2% cap rate, this property presents an exceptional opportunity for investors. Each of the four spacious units offers approximately 980 square feet with two generously sized bedrooms and two full bathrooms. Thoughtfully updated throughout, the units feature attractive finishes, in-unit laundry, and all appliances included. Each unit also offers a private balcony with exceptional views, creating a desirable living environment for tenants. Additional value comes from the convenience of two covered parking spaces per unit, providing ample off-street parking for residents. The property is fully rented and has been exceptionally cared for, making this a true turn-key investment that is ready for its next owner. With quality updates, desirable amenities, strong rental performance, and excellent overall condition, this 4-plex is an opportunity you won’t want to miss! Additional properties also available for sale including MLS #'s 257635, 257641, 2576744, 2576746, 2576754.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate7.2
Carport Spaces8
Carport Y/NNo
CityWenatchee
CoolingWall Unit(s)
CountyChelan
DirectionsTake S Mission past Crawford. Property is located on the West side of the street across from Burns Street.
Electric Expense0
Elementary SchoolMission View Elem
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolWenatchee High
High School DistrictWenatchee
Insurance Expense2616
Leasable Area3,920 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet9,148 sqft
Lot Size UnitsSquare Feet
MLS Area971 - Wenatchee
Middle/Junior High SchoolPioneer Mid
NWM_ShowMapLinkY
Net Operating Income57537
New ConstructionNo
Number Of Units Total4
PossessionClosing
Property ConditionVery Good
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExceptional Investment Opportunity! This immaculate, turnkey 4-plex offers an outstanding opportunity for an investor looking for a well-maintained property with strong rental history, market rents, and
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameWenatchee
Tax Annual Amount$5,787
Tax Year2026
Unit Number1
Units Below Gradefalse
Units In Building Total4
ViewMountains, Territorial
Water CompanyCity of Wenatchee
Water Sewer Garbage9600
Year Built1995

Exterior

Building Area Total3,920 sqft
Covered Spaces8
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.21
Parking Uncovered Total0
Site FeaturesDeck, Fenced-Partially, High Speed Internet
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Pioneer Mid
High School Wenatchee High
Elementary School Mission View Elem

  

Similar Properties

$799,000

8 Beds 8 Baths 3,920 SQFT 0.21 Acres
Type: Multi-Family

1686 S Mission Street # 1
Wenatchee, WA 98801

MLS#: 2576735