Listing provided courtesy of AAI Real Estate LLC - MLS# NWM2191252MLS Provider

1701 W Crouse StreetMoses Lake, WA 98837

Multi-Family · 208 Beds · 107,344 Sq. ft. | 4.13 Acres

$26,000,000 Active

Overview

Time on Site:
90 days
Visits:
5

This is a great investment opportunity to get into a growing market with a brand new build. The Moses Lake market is continuing to grow with the addition of new battery plants being constructed in town. This is a new build, four building, 96 unit apartment complex in Moses Lake plus a central clubhouse building. Sixteen 1 bedroom 1 bath, forty-eight 2 bedroom 2 bath and thirty-two 3 bedroom 2 bath units. The property is still under construction with the certificate of occupancy expected September 2024. Owner/Builder is looking to sell now contingent upon completion of construction.

View Map

Facts & Features

  • Type Multi-Family
  • Sq. ft. 107,344
  • Price/Sq.ft. $242
  • Lot 4.13 Acres

General

Association/HOA
  • Association Fee: $0.00
School Information
  • School District: Moses Lake
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
Income/Expenses
  • Other Expense: 336832
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 2067200
  • Insurance Expense: 57600
  • Net Operating Income: 1538368
  • Total Expenses: 528832
  • Total Monthly Income: 172267
  • Water/Sewer/Garbage: 48000
Building Information
  • New Construction: Yes
  • Year Built: 2024
Location/Region
  • Country: US
  • County Or Parish: Grant
  • MLS Area Major: 299 - West Moses Lake
  • Subdivision Name: Moses Lake
Community/Development
  • Amenities: Clubhouse,Fire Sprinklers
Tax Information
  • Tax Annual Amount: $86,400.00
  • Tax Year: 2024
General Information
  • Buyers Agent Compensation: 2
  • New Construction: Under Construction
  • Parcel Number: 112102000
  • Property Condition: Under Construction
  • Property Sub Type: Multi-Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Interior
  • Building Area Total: 107344
  • Building Area Units: Square Feet
  • Calculated Square Footage: 107344
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
General Information
  • Cooling: Yes
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Foundation Details: Slab
  • Heating: Yes
  • Leasable Area: 105808
  • Leasable Area Units: Square Feet
  • Living Area: 0
  • Living Area Units: Square Feet
  • Power Production Type: Electric
  • Stories Total: 3

Exterior

Parking Information
  • Open Parking Spaces: 161
  • Open Parking: Yes
  • Parking Total: 161
  • Parking Uncovered Spaces: 161
Lot Information
  • Irrigation Water Rights: No
  • Lot Size Acres: 4.13
  • Lot Size Square Feet: 179903
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
Waterfront/View
  • View: No
  • Waterfront: No
Building Exterior/Construction
  • Roof: Composition
  • Structure Type: Multi Family
General Information
  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Metal/Vinyl
  • Number Of Units Total: 96
  • Sewer: Sewer Connected

Unit Information

Unit Details

    Neighborhood

    Community

    98837 (Moses Lake) Demographics
    36
    Median Age
    85
    Population Density (per sq. mile)
    31%
    College Educated
    $60,793
    Estimated Median Income
    9,634
    Estimated Total Home Owners
    5,604
    Estimated Total Renters
    63% / 37%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    Elementary Schools
    1
    Public
    Garden Heights Elementary
    • Grades: KG - 5
    • Enrollment: 501
    1
    Public
    Knolls Vista Elementary
    • Grades: PK - 5
    • Enrollment: 396
    1
    Public
    Lakeview Terrace Elementary
    • Grades: KG - 5
    • Enrollment: 487
    1
    Public
    Longview Elementary
    • Grades: KG - 5
    • Enrollment: 477
    1
    Public
    Midway Elementary
    • Grades: PK - 6
    • Enrollment: 399
    1
    Public
    North Elementary
    • Grades: KG - 5
    • Enrollment: 264
    2
    Public
    Park Orchard Elementary School
    • Grades: KG - 5
    • Enrollment: 466
    1
    Public
    Peninsula Elementary
    • Grades: PK - 5
    • Enrollment: 511
    4
    Public
    Sage Point Elementary School
    • Grades: KG - 5
    • Enrollment: 468
    Middle Schools
    2
    Public
    Chief Moses Middle School
    • Grades: 6 - 8 /
    • Enrollment: 999
    2
    Public
    Frontier Middle School
    • Grades: 6 - 8 /
    • Enrollment: 749
    1
    Public
    Midway Elementary
    • Grades: PK - 6 /
    • Enrollment: 399
    High Schools
    1
    Public
    Moses Lake High School
    • Grades: 9 - 12 /
    • Enrollment: 2,385
    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    Monthly Cost

    $
    $ %
    %
    $
    $
    * Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

    Market Data

    Based on the last 30 days in this zip code

    $420,107
    Median Sales Price
    $240
    Median Price per Square Foot
    429
    Properties Sold
    81
    New on Market
    67
    Average Days on Market
    206
    Properties for Sale
    Calculations provided by Reliance Network

    History

    Date Event Value Agent
    1/13/2024Source: NWMLS Added to Database
    January 13, 2024