544 North Colorado Avenue

East Wenatchee, WA 98802

$1,499,900
Price
10
Beds
8
Baths
6,145 Sq. Ft.
$244 / Sq. Ft.
6,145
Sq. Ft.
$244
per Sq. Ft.

Description

Incredible investment opportunity awaits at this great 4-Plex! This one of a kind property is perfectly suited for Airbnb or a long term rental. With over 6,145 sq. ft. of rentable space, this is an investors dream! Your tenants will love the brand new creative finishes throughout including high end appliances, custom concrete counters & solid surface flooring throughout. Each unit has a primary suite with custom concrete walk-in shower and it's own artistic design. Units also have a fireplace, balcony...Incredible investment opportunity awaits at this great 4-Plex! This one of a kind property is perfectly suited for Airbnb or a long term rental. With over 6,145 sq. ft. of rentable space, this is an investors dream! Your tenants will love the brand new creative finishes throughout including high end appliances, custom concrete counters & solid surface flooring throughout. Each unit has a primary suite with custom concrete walk-in shower and it's own artistic design. Units also have a fireplace, balcony or patio & laundry. Unit 544 has been completely gutted from top to bottom. Units 546 & 548 are brand new construction. Tenants will also enjoy a putting green, game room, gym, outdoor bbq, tons of off street parking & Central Location
  1. Listed by Kelly L. Thompson • Premier One Properties
  2. Listed by Scott Thompson • Premier One Properties

Property Details for 544 North Colorado Avenue

Community Name
East Wenatchee
School District
Eastmont
View
City, Mountain(s), River, Territorial
Number of Assigned Spaces
12
Total Covered Parking
0
Entry Date
03-15-2024
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Premier One Properties
Add your commute
LISTING UPDATED: 04/16/2024 05:32 PM

Property Details for 544 North Colorado Avenue

StatusActive
MLS #2210849
Days on Market45
Cumulative Days on Market45
Taxes$3,268 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.35 AC / 15,246 SF
CountyDouglas County

Location

Listing Courtesy of Premier One Properties
Add your commute

Building Information for 544 North Colorado Avenue

Stories2Residences4Year Built1962Building Size-Lot Size0.35 AC / 15,246 SF

Payment Calculator

$8,458 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 544 North Colorado Avenue

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, Fenced-Fully, Outbuildings, Patio, RV Parking, Shop
  • Area: 970 - East Wenatchee
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: From Hwy 28, take Ninth St NE. Right on Colby Ct. Left on Eighth St. Right on N Colorado Ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Floor Covering: Concrete, Vinyl Plank
  • Features: Concrete
  • Amenities: Basement
  • Cooling: Yes
  • Cooling: Forced Air, Heat Pump
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Heat Pump
  • FIRPTA: No
Exterior Features
  • Exterior: Cement/Concrete, Wood Products
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3000
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential
  • Possible Use: Multi-Family, Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 40100002803
  • Building Condition: Remodeled
  • Calculated Square Footage: 6145
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6145.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $2,000
  • Total Expenses: 14268
  • Gross Adjusted Income: 122400
  • Gross Rent Multiplier: 13.07
  • Gross Scheduled Income: $122,400
  • Insurance Expense: $6,000
  • Net Operating Income: $108,132
  • Other Expenses: $0
  • Total Monthly Income: 10200
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 544
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1604
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 546
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1584
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 3
Unit 3
  • Name Unit 3: 544-B
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1211
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 548
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1584
  • Bedrooms Unit 4: 3
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 3
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 6145.0
  • Leasable Area Units: Square Feet

Property History for 544 North Colorado Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 544 North Colorado Avenue

Taxable ValueLand$100,000Additions$278,000Total$378,000
Tax Record2022$3,635 ($303 / month)
Home Facts
Beds3Total Finished SqFt1,593 SqFtAbove Ground SqFt1,593 SqFtStories1Lot Size15,246 SqFtStyleSingle Family ResidenceYear Built1962Zoning2CountyDOUGLASAPN40100002803Fireplace TypeHas Fireplace

Schools near 544 North Colorado Avenue

This home is within Eastmont School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 4
Public - K to 7
Public - 8 to 9
Rating
School
Distance
Kenroy Elementary School
PublicK to 4

Robert E Lee Elementary School
PublicK to 4

Sterling Middle School
PublicK to 7

Eastmont Junior High School
Public8 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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544 North Colorado Avenue is a multi-family home for sale in East Wenatchee, WA 98802. This property was listed for sale on March 15, 2024 by Premier One Properties, it's currently listed at $1,499,900. It has been on the market for a total of 45 days and was last sold on June 3, 2022. This listing's school district is Eastmont School District. Nearby schools include Kenroy Elementary School, Robert E Lee Elementary School and Sterling Middle School. 544 North Colorado Avenue is a 10-bed, 8-bath, 6,145 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier One Properties

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.