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.
Current Location
