Investor opportunity in Cascade Valley. This long term tenant occupied duplex offers two 1 bedroom, 1 bathroom units, each approximately 510 sq. ft., with steady rental income already in place. The property sits on an 8,499 sq. ft. lot with two parcels ( Parcel #'s:120335000 & 120334000) included in the sale, providing added flexibility and future potential. The exterior features a clean single level layout, established lawn, mature trees, garden beds, paved street access, and off street parking. Interior photos show functional living spaces, laminate flooring, kitchen appliances, washer and dryer hookups, and simple, low maintenance finishes. There is also a second potential build area available toward the back of the lot, with temporary power already approved, creating an opportunity to explore an additional unit or future improvement. Buyer to verify all development options, utilities, zoning, and permitting to their satisfaction. Investor special with current long term tenants, existing income, two included parcels, and potential upside on the back portion of the lot. Sale subject to tenant rights. Photos have been virtually rendered to remove some tenant items. Two parcels included in the sale.
The Urban Residential 4 UR4 zoning district is established within urban growth areas to provide for high density, single-, two-, and multi-family residential development for persons who desire to live in an urban-type environment. The UR4 zoning district is designed to be used in areas: with good transportation access from and to urban centers; that are in close proximity to the urban core and/or neighborhood shopping facilities; and where urban governmental services are currently available.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Public service
Educational/school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
12 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Moses Lake, WA • 98837
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 7918 Stanley Rd
$237,056
$7,944 under list price of $245K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $192K to $355K.