Property Description

206 / 208 Beale Ave ? Moses Lake Infill Investment Opportunity: stabilized duplex with fully approved plans for two ADUs to create a 4-unit asset in a designated Opportunity Zone. Offered at $549,995, this low-basis play delivers immediate cash flow (current rents $1,275 & $1,350; MTM leases) and significant upside with installing ADUs? pro-forma gross rents of $61,200?$73,800 (??94% rent lift after ADU build). Both existing units fully renovated (interiors 2021 & 2024; new paint, fence & roof 2024). Short plat recorded Q1-2026 subdivides the duplex down the middle, enabling separate parcel financing or resale. Tenants pay W/S/G & electricity (NNN-style); Low regular expenses. ADU construction budget range $302k?$505k (additional savings if both units are built concurrently); pro-forma NOI $49k?$57.5k with cap rate range 6.25%?7.75%. Purchase via Qualified Opportunity Fund may offer OZ tax benefits for eligible buyers (consult tax counsel). Flexible ownership options: hold & capture OZ benefits, refinance, or sell subdivided parcels. Located in Grant County's only Opportunity Zone, get your foot into the area with this investment opportunity + plans for growth Zoned as R3. Make the most of the space available + be a contributor to affordable housing in the area. Located in close proximity to Highway 17, the Community College, Medical Services, + just a short drive to town. Request the Financial projections/estimates from Listing Broker for more detailed proposal information!

Property Features

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