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4413 Circle Place

Moses Lake, WA 98837

About this property

Portfolio investment opportunity! 9 units total includes 5 buildings (4x2 units and 1 single family) on 3 parcels, over an acre with space to build. Currently 100% occupied and many of the units have been recently updated. With all 9 units rented and strong in-place performance (6.96% current cap) and attractive income metrics (11.56 current GRM). Tenants pay utilities and the property is managed. Conveniently located between the fair grounds and Highway 17 off of Airway drive in Moses Lake's Urban Growth Area.

About this property

Portfolio investment opportunity! 9 units total includes 5 buildings (4x2 units and 1 single family) on 3 parcels, over an acre with space to build. Currently 100% occupied and many of the units have been recently updated. With all 9 units rented and strong in-place performance (6.96% current cap) and attractive income metrics (11.56 current GRM). Tenants pay utilities and the property is managed. Conveniently located between the fair grounds and Highway 17 off of Airway drive in Moses Lake's Urban Growth Area.

Features and Additional Information

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$1,180,000 Active
2,704 sqft
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Get in touch today! Phone: 1-360-675-5915
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Area Information

297 Central Moses Lake | Grant County | Basin Homes

$ 1,180,000
This listing is play_arrow 330.7% higher than the average in the area
$ 274,000 in the area
2,704 SqFt
This listing is play_arrow 168.3% larger than the average in the area
1,008 SqFt in the area
$ 436 $/SqFt
This listing is play_arrow 60.5% more than the average in the area
$ 272 $/SqFt in the area
104 days on site
This listing is play_arrow 27.3% below the average in the area
143 days on site in the area

Schools in the Area

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    Elementary School
    Park Orchard Elem
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    Middle School
    Chief Moses Mid
  • turned_in
    High School
    Moses Lake High

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Listed By Ben Sellen
Brokerage: eXp Realty

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