This great investment property generates over $50k in rent each year. Duplex/Triplex that has 6 bedrooms and 3 baths on 3 floors. Lots of outdoor space, each floor includes a deck or patio. Large windows bring in great sunlight and show off mountain views. Each unit has an additional 40 sq. ft. storage unit in basement. There is also a larger 200+ sq. ft. storage area available for owner use or to generate additional income. Located in an excellent, friendly neighborhood near great schools (Whittier, EvCC) and medical facilities. Each unit has one off street parking in the back alley. Shared free laundry on site. New roof 5 years ago and sewer/plumbing was replaced on ground floor.
Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
PowerCompany: Snohomish PUD
SewerCompany: City of Everett
WaterCompany: City of Everett
WaterSewerGarbage: 3107
Condo/Co-op/Association
Senior Community: No
Association: No
Fee Information
Annual Fuel Expense: 1314
Schools
Junior High Dist: Everett
High School: Buyer To Verify
Middle Or Junior School: Buyer To Verify
Lot Info
Parcel Number: 00468621900500
Lot Size Acres: 0.14
Lot Size Sq Ft: 6098
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Deck,Gas Available
MLSLotSizeSource: Public Records
ZoningClass: Multi-Family
LotNumber: 5 & 6
Green Features
Power Production Type: Electric, Natural Gas
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 14.9
LeasedItems: None
TotalMonthlyIncome: 4357
Multi Family
Gross Scheduled Income: 48600
Net Operating Income: 33786
Number Of Units Total: 3
Electric Expense: 2607
Insurance Expense: 1372
Leasable Area: 3254
EnergySource: Electric,Natural Gas
UnitsInBuildingTotal: 3
UnitsBelowGrade: true
VacancyRate: 3
Tax Info
Year: 2021
Tax Annual Amount: 5414
MLS Schools
Elementary School: Buyer To Verify
Ownership History
DateNameOwned ForOwner Type
Aug 2022 - PresentDong Yi and Xu Kaiyuan2 Years and 9 Months
Private Individual
Purchase Details
Listed on
Jun 24, 2022
Closed on
Aug 5, 2022
Sold by
Szabo Mark L
Bought by
Dong Yi and Xu Kaiyuan
Seller's Agent
Daniel Cantu
Griffin Realty Group, Inc.
Buyer's Agent
Aaron Spring
Ridge Realty
List Price
$725,000
Sold Price
$645,000
Premium/Discount to List
-$80,000
-11.03%
Total Days on Market
12
Current Estimated Value
$725,994
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,994
Avg. Annual Appreciation
6.68%
Original Mortgage
$483,750
Outstanding Balance
$467,148
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$305,374
May 2012 - Aug 2022Szabo Mark L and Szabo Doris C10 Years and 3 Months
Private Individual
Purchase Details
Listed on
Feb 7, 2012
Closed on
May 28, 2012
Sold by
Shaw Jason C and Shaw Marie L
Bought by
Szabo Mark L and Szabo Doris C
Buyer's Agent
Paul Weisz
Windermere RE Anacortes Prop.
List Price
$219,000
Sold Price
$222,000
Premium/Discount to List
$3,000
1.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$155,400
Interest Rate
3.86%
Mortgage Type
New Conventional
Dec 2011 - May 2012Shaw Jason C and Shaw Marie L5 Months
Private Individual
Purchase Details
Closed on
Dec 1, 2011
Sold by
Shaw Jason C and Shaw Marie L
Bought by
Shaw Jason C and Shaw Marie L
Feb 2007 - Dec 2011Shaw Jason and Shaw Marie4 Years and 10 Months
Private Individual
Purchase Details
Closed on
Feb 2, 2007
Sold by
Grinde Fern K
Bought by
Shaw Jason and Shaw Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,200
Interest Rate
5.99%
Mortgage Type
Unknown
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Expertly transformed into a high-performance investment property, 3113 Oakes has been fully renovated, including new plumbing, electrical systems, windows, insulation, cabinets, flooring, appliances and more. All of the work has been done for you, and low maintenance, rental-friendly, finishes mean you can rent from the day you close. Main floor unit is 2 bed/1 bath with territorial and mountain
Prime investment opportunity & location! Attention house hackers—live in one unit and rent out the other OR rent both units! This well-maintained duplex sits on a quiet dead-end street and features a spacious backyard perfect for entertaining, pets, or gardening. Upper unit is vacant, while the other is already tenant-occupied until September, providing immediate rental income. Both units have
Gabriel Hernandez-MartinKeller Williams North Seattle
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 1123 Wetmore Ave, Everett, WA 98201 since 24 June 2022 and is currently estimated at $725,994, approximately $223 per square foot. This property was built in 1924. 1123 Wetmore Ave is a home located in Snohomish County with nearby schools including Whittier Elementary School, North Middle School, and Everett High School.
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