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601 Alder St, Twisp, WA 98856

$539,311

Last sold 06/28/2024 for $425K

—
bed
—
bath
1,960
Sqft ($217/Sqft)

House not for sale

About 601 Alder St

Property type House

Neighborhood

Year built 1993

HOA fee $0/month

Lot size 7,405 Sqft

Movoto estimate

Property description

Come see this rare opportunity to own an investment property in downtown TWISP! Side by side duplex with an attached single car garage. 2 bedrooms and 1.5 bathrooms on each side. Located in the historic downtown core, close to shopping, dining, and the best of Methow recreation right at your doorstep. Both units have AC, low maintenance landscaping, and are connected to city utilities. Carpets were recently deep cleaned. Both units are currently occupied and are well below market rate. Live in one and rent out the other, or keep it as an income generating property. Airbnb or vacation rentals may also be an option. Buyer to do their due diligence on rental options. Pre-inspection available upon request. Call today for a private tour!

Listed by

Listing Agent - Lukas Sztab

Listing Office - Windermere RE/Lake Chelan

Source: NWMLS

MLS#2235696 • last updated 2 years ago

Movoto checked NWMLS for data 12 minutes ago

Overview
Levels/Style	Duplex
MLS #	2235696
SubType	Multi-Family
Type	Residential Income
SqFt	1960
Status	Sold
Lot Size (SqFt)	7405
Lot Size (Acres)	0.17
Property Tax	2622
Buying Office	Windermere RE/Methow Valley
Year Built	1993
Buying Office Phone	509-997-6562
Condition	Good

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Metal
Construction	Standard Frame
# Open Parking Spaces	4
# Covered Spaces	2
# Parking Spaces	6
# Uncovered Spaces	4
Exterior Features	Wood Products

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Twisp
Water	Public
Water Company	City Of Twisp
Power Company	Okanogan County PUD
Power Production: Type	Electric

Location
County	Okanogan
Subdivision	Twisp
Area	966 - Methow Valley
High School District	Methow Valley
APN	2740062500
Zoning	Multi-Family, Residential

Multifamily Details
Net Operating Income	22460
Capitalization Rate	4.67
Expense: Insurance	982
Gross Scheduled Income	30000
Gross Adjusted Income	30000
Total Expenses	7540
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	2500

$539K

Range: $485K-$593K

Last 30 days

Lower your payment with the loan terms that fit you.

Jun 2024
MLS # 2235696
Jun 28, 2024 Sold
$425,000 (-11.5%)
May 22, 2024 Pending
—
May 10, 2024 Listed
$480,000 (+2.1%)
Oct 2023
MLS # 2151648
Oct 3, 2023 Price Change
$469,900 (-5.1%)
Sep 18, 2023 Price Change
$495,000 (-13.9%)
Aug 16, 2023 Listed
$575,000 (+92.3%)
Mar 2020
MLS # 1578402
Mar 14, 2020 Listed
$299,000

601 Alder St
$425K
966 - Methow Valley
—
98856
$600K -7% y/y
Twisp
$600K -7% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
600 Ross Canyon Rd, Twisp, WA 98856	$481,000	—/—	1,876	0.01
604 Ross Canyon Rd, Twisp, WA 98856	$481,000	—/—	1,876	0.01
515 Alder St, Twisp, WA 98856	$424,000	4/1	936	0.02
611 Alder St, Twisp, WA 98856	$491,000	3/1	1,214	0.02
606 Alder St, Twisp, WA 98856	$472,000	3/1	1,120	0.03
520 Canyon St, Twisp, WA 98856	$482,000	3/1	1,292	0.03
510 Canyon St, Twisp, WA 98856	$292,000	3/2	1,320	0.03
606 Canyon St, Twisp, WA 98856	$506,000	1/1	1,273	0.03

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