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Red Brick Apartments 116 E Hill Ave 20 Unit Apartment Building $3,454,902 CAD ($172,745 CAD/Unit) 7.86% Cap Rate Moses Lake, WA 98837

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INVESTMENT HIGHLIGHTS

  • Main Street in Moses Lake
  • Underground Sprinklers w/ Front & Rear Parking
  • New Paint & New Windows

EXECUTIVE SUMMARY

Investment Opportunity! 20 (2 bed 1 bath) units minutes from downtown situated on a large corner lot. Exterior features include new paint, new windows, underground sprinklers with parking in the front & back. Interior features include a laundry area, laminate flooring upgraded in a few units and storage room.

PROPERTY FACTS

Price $3,454,902 CAD
Price Per Unit $172,745 CAD
Sale Type Investment
Cap Rate 7.86%
No. Units 20
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.93 AC
Building Size 14,340 SF
No. Stories 2
Year Built 1955

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Sprinkler System
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 20 - 700

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
100144000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$447,646 CAD
  • Listing ID: 37240315

  • Date on Market: 2025-08-12

  • Last Updated:

  • Address: 116 E Hill Ave, Moses Lake, WA 98837

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