If you are considering a second home and are interested in a way to supplement the payments, a condo in Wenatchee could be a great affordable option. When buying a second home you will get the advantage of owner occupied financing, yet have a way of supplementing the carrying costs by renting your unit when you aren't using it.
Last week my business partner, Shelley, and I were awarded the listings at Parkside Condos in Wenatchee.
With the new events center scheduled to be completed this Fall in Wenatchee, there should be increased demand for accommodations to house these spectators and, therefore, there should be an excellent opportunity to supplement your condo payments by renting the unit on a nightly, weekly or even monthly basis through the year.
I anticipate high demand for these vacation rentals, which are so conveniently located in the northwest area Wenatchee. This is a far superior alternative to the motel scene! These will make excellent, affordable, week-end and vacation homes. AND, we can rent them out when the owners are not using them.
We will be working up some income and expense projections, but anticipate being able to rent these for between $125 - $150 per night. This will generate a significant income for the owners and offset the initial investment and monthly carrying costs of the units. Over time, I anticipate nice appreciation as well.
All units in this Parkside Condo complex are 3 bedroom (or 2 bedrooms and a den) and 2 baths. Here is a link to the full listing detail on the model unit for sale. This is an upper unit, listed at $209,950. Lower units are available for $199,950. The only real difference in the upper and lower units is the uppers have a little better view and the lowers are just slightly, but not noticeably, smaller.
I anticipate prices will go up in the Spring as the word gets out. These are an excellent alternative to the (much more expensive) second home / vacation condo rental options available in Leavenworth and Chelan.
Want to come over this winter and ski at Mission Ridge or do some cross country skiing? Buy now and you can still take advantage of all our winter activities. Come summer there is a whole new set of recreational opportunities to enjoy!
These condos are also available to purchase as a primary residence.
For the latest info on availability, contact the TOP Team:
Carol Williams TopTeamCarol@gmail.com
Shelley Granger TopTeamShelley@gmail.com
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