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Listed by:Kelly Right RE of Spokane LLC • Shelli Churchill

$1,200,000

Est. payment - /mo

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26 Beds

13 Baths

1.61 Acres Lot

New

15029 State Route 97A Entiat, WA 98822

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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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

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

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