198 Cherry Lane, Morton, WA 98356
- $550,000
- 2,672
- SqFt
Listing courtesy of The Real Estate Firm.
- List Price
- $550,000
- Status
- ACTIVE
- MLS#
- 2554943
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,672
- Area Total SqFt
- 2672
- Annual Tax Ammount
- 2961
- Lot Size (sq ft)
- 15,246
- Sewer
- Sewer Connected
Property Description
This 4 unit apartment building in Morton is at the end of a dead end street. It is connected to city water and sewer. Recent updates include new windows, siding, and exterior paint. Most of the interiors have been updated in the last 4 years with new flooring and fresh paint. This building is fully occupied. There is laundry on site shared by all 4 units, currently free...potential upside by putting in coin op.
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Additional Information
- List Date
- 2026-08-24 04:03:11
- Community
- Morton
- Net Operating Income
- $47,443
- Gross Adjusted Income
- $57,600
- Gross Scheduled Income
- $57,600
- Total Monthly Income
- $4,800
- Insurance Expenses
- $1,553
- Water/Sewer/Garbage Expenses
- $3,708
- Gross Rent Multiplier
- 8.68
- Total Expenses
- $10,157
- Cap Rate
- 9.4
- Total Number of Units
- 4
- Unit Name
- 198
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1973
- Roof
- Metal
- Electric Expenses
- 735
- Other Expenses
- 1200
- Energy Source
- Electric
- School District
- Morton
- Elementary School
- Morton Elem
- Middle School
- Morton Jnr-Snr High
- High School
- Morton Jnr-Snr High
- Total Monthly Income
- $4,800
- Gross Scheduled Income
- $57,600
- Gross Adjusted Income
- $57,600
- Tax Year
- 2026
- Insurance Expense
- $1,553
- W/S/G Expenses
- $3,708
- Total Expenses
- $10,157
- Net Operating Income
- $47,443
- Gross Rent Multiplier
- 8.68
- Cap Rate
- 9.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.