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(253) 209-4200
Real Estate Company
315 W Gibson Avenue, Chelan, WA 98816
- $1,950,000
Listing Broker: KW Frontline; Russ McClellan; 509-470-2416; russ@frontlinechelan.com
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2590977
- Price Change
- ▲ $855,000 1791243837
- Days on Market
- 111
Property Description
Westwind is not a traditional apartment building. The property includes 13 established residential condominium units currently operated together as a rental investment, along with separately condominiumized garages and parking interests. This structure creates a unique combination of current income and long-term exit flexibility. Several units have had limited rent adjustments over time, providing opportunity to increase revenue and NOI as rents move toward market levels. Continue operating as a rental portfolio, improve units and income, or potentially sell individual condominium interests over time. Seller-owned future air rights and Downtown Mixed Residential zoning add further flexibility. Directly across from Don Morse Memorial Park and walking distance to Lake Chelan, marina, dining, shopping and recreation.
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Additional Information
- Community
- Chelan
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1956
- Roof
- Composition
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Driving Directions
- From downtown Chelan, head west on Woodin Ave, turn right on N Emerson St, then left on W Gibson Ave. 315 W Gibson Ave will be on your left.
- Energy Source
- Electric
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.