Investors, landlords, and entrepreneurs, an fantastic opportunity awaits you. This 6 unit building is Section 8 approved on most of the units, and has 0% vacancy rates. The section 8 apartments are already approved for rate increases for 2022, which means this property will have a potential gross cap rate over 10% and a net cap of 7.15% next year!!! Very stable investment w/ rent assurances in uncertain times. There are two 2 bed/1 bath units, 3 1bed/1bath units, & one studio unit. Plenty of off street parking. The location is paramount!!! The city park & pool are nearly right across the street, & main street of Okanogan right around the corner. Opportunity to make extra income by reestablishing the laundry facility in the building.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
