About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1016 SE 1024 Se Latah St, Pullman, WA 99163

$2,545,000

Last sold 08/15/2023 for $2.62M

—
bed
—
bath
22,000
Sqft ($119/Sqft)

House not for sale

About 1016 SE 1024 Se Latah St

Property type House

Neighborhood

Year built 1985

HOA fee $0/month

Lot size 1.02 Acre

Movoto estimate

Property description

The Latah Apartments and Mini Storage is a 24-unit apartment property with 60 additional mini storage units built in 1985. This apartment community is located across from the WSU campus. All (24) units are a 2 bed1 bath unit mix about 736 sf in size. The apartments were completely remodeled in 2011/2012 featuring hardwood floors, new windows, paint, and hardware. The apartments come with dishwashers. Both bedrooms in each apartment are identical in size. On-site laundry facilities and plenty of off-street parking. Property presents an investor with the opportunity to own a turn-key asset with the ability to raise rents to current market levels without remodel. The current in place rents are below market based on recent rental surveys.

Listed by

Listing Agent - River Voorhees

Listing Office - Westlake Associates, Inc.

Source: NWMLS

MLS#2030353 • last updated 2 years ago

Movoto checked NWMLS for data 7 minutes ago

Overview
Levels/Style	Multi Family
MLS #	2030353
SubType	Multi-Family
Type	Residential Income
SqFt	22000
Status	Sold
Lot Size (SqFt)	44222
Lot Size (Acres)	1.0152
Property Tax	26689
Buying Office	ZNonMember-Office-MLS
Year Built	1985
Buying Office Phone	425-820-9200

Interior
Interior Features	Forced Air

Exterior
Roof	Composition
# Open Parking Spaces	48
# Parking Spaces	48
# Uncovered Spaces	48
Exterior Features	Wood Products

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry, Storage

Location
County	Whitman
Subdivision	Pullman
Area	990 - Whitman County
High School District	Pullman
APN	11245000001X
Zoning	Multi-Family

Multifamily Details
Net Operating Income	161257
Capitalization Rate	5.56
Expense: Insurance	7200
Gross Scheduled Income	263736
Expense: Other	43678
Gross Adjusted Income	255824
Total Expenses	94567
Gross Rent Multiplier	11
Nwm_Totalmonthlyincome	21978
Vacancy Rate	3

$2.54M

Range: $2.06M-$3.02M

Last 30 days

Rental est.: $659/month

• Gross rent multiplier: 331.9

Lower your payment with the loan terms that fit you.

Aug 2023
MLS # 2030353
Aug 15, 2023 Sold
$2,625,000 (-9.5%)
Mar 7, 2023 Pending
—
Feb 14, 2023 Price Change
$2,900,000 (-7.9%)
Jan 25, 2023 Listed
$3,150,000

Year Property taxes Tax assessment
2024
$34,571 +29.5%

$2,471,040 +37.28%
2023
$26,704 +0.1%

$1,800,000
2022
$26,690 -2.1%

$1,800,000
2021
$27,250 -32.6%

$1,800,000 +50.2%
2020
$40,448

$1,198,370

1016 SE 1024 Se Latah St
$2.62M
990 - Whitman County
—
99163
$470K +1% y/y
Pullman
$470K 0% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
570 Se Benewah St #119, Pullman, WA 99163	$246,000	—/—	768	0.12
590 Se Benewah St, Pullman, WA 99163	$404,000	3/1	1,238	0.13
570 Se Benewah St #107, Pullman, WA 99163	$38,000	—/—	528	0.14
570 Se Benewah St #124, Pullman, WA 99163	$47,000	2/1	720	0.14
570 Se Benewah St #157, Pullman, WA 99163	$71,000	2/1	910	0.14
570 Se Benewah St #126, Pullman, WA 99163	$2,180	1/1	360	0.14
570 Se Benewah St, Pullman, WA 99163	$50,000	—/—	—	0.14
570 Se Benewah St #165, Pullman, WA 99163	$35,000	1/1	470	0.14

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.