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Jed Holmes

jed@muljatgroup.com +1(360) 255-1458

Listed by:Northmarq Multifamily, LLC • Steve Fischer

$ 2,750,000

Est. payment | -/mo

28 Beds

18 Baths

16,000 SqFt

Save

$ 2,750,000

Est. payment | -/mo

Save

28 Beds

18 Baths

16,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $171

Subdivision Wenatchee

MLS Listing ID 2598658

Style 52 - Duplex

Bedrooms 28

Year Built 1984

Annual Tax Amount $19,468

Lot Size 0.910 Acres

Property Sub-Type Multi Family

Property Description

We are pleased to present Miller's Edge, a 14-unit multifamily portfolio in central Wenatchee spread across five separate parcels: three duplexes at 120, 210 and 214 N Miller St (210 and 214 are adjacent) and two adjacent fourplexes at 314 and 320 N Emerson Ave. Built between 1984 and 1988, the portfolio offers spacious two-bedroom floorplans, with eight 2 bed/1 bath units of approximately 1,000 to 1,200 SF and six 2 bed/1.5 bath units of approximately 1,200 SF, totaling approximately 16,000 net rentable SF, plus 14 carport spaces.The portfolio is 100% occupied and offered at $2,750,000 (approx. $196,000 per unit and $172 per SF), a 5.98% in-place cap rate and 9.75 GRM. Current rents average approximately $1,679 per unit against market rents of approximately $1,744, and a utility bill-back (RUBS) program offers additional income upside.Centrally located with convenient access to regional employment centers, schools, retail amenities and outdoor recreation, the properties benefit from Wenatchee's limited housing supply and steady rental demand. Sale is by a court-appointed receiver and subject to court approval.

Location

State WA

County Chelan

Area 971 - Wenatchee

Interior

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Fenced-Partially

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Lewis And Clark Elem

Middle Schools Foothills Mid

High Schools Wenatchee High

School District Wenatchee

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

+1(360) 255-1458

jed@muljatgroup.com

510 Lakeway Dr, Bellingham, WA 98225, USA

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120 N Miller ST Wenatchee, WA 98801