Guy Evans Lake Chelan Real Est
About 404 S 3rd Street
Rare downtown Chelan triplex offering solid investment potential! Neat and tidy with a low-maintenance brick exterior, this 4,064 sq ft property features three larger-than-average rental units (864, 1,600 & 1,600 sq ft), each with its own washer/dryer and updated baths. A small lake view enhances the upstairs unit. A two garage bay, 864 sf basement storage area could create added revenue. Bonus side lot offers future condo development possibilities. Prime location just blocks from the lake, dining, and shopping. With a projected 5.4% cap rate with market rents (buyer to verify), this is a strong income property in one of Chelan’s most desirable areas.
Features of 404 S 3rd Street
| MLS® # | 2428172 |
|---|---|
| Price | $850,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,064 |
| Acres | 0.20 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 404 S 3rd Street |
|---|---|
| Area | 961 - Lake Chelan |
| Subdivision | Chelan |
| City | Chelan |
| County | Chelan |
| State | WA |
| Zip Code | 98816 |
Amenities
| Parking Spaces | 1 |
|---|---|
| View | Lake, Territorial |
| Is Waterfront | No |
Interior
| Heating | Baseboard, Wall Unit(s) |
|---|---|
| Cooling | Wall Unit(s), Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Brick, Wood |
|---|---|
| Lot Description | Curbs, Paved, Sidewalk, Value In Land |
| Foundation | Poured Concrete |
School Information
| District | Lake Chelan |
|---|
Additional Information
| Days on Market | 45 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Guy Evans Lake Chelan Real Est |
|---|