NOT LISTED FOR SALE
-- Bed
-- Bath
7,624 Sq Ft
0.35 Acres

Last Sold December 28, 2018

Last sale price $1,480,500 $194 Per Sq Ft

3 Days on Market

About This Home

As of December 2018

Amazing Investment opportunity! 11 units - Actual CAP rate 6.2. Great location for commuters and/or Boeing Workers. Easy access to bus lines and blocks from the newly renovated Everett Mall. There is never a vacancy and an opportunity for rent increases. 7 CAP with current market rents! Tenants are not aware of the sale, please show discretion and do not disturb tenants.

Last Listed By

Theresa Neal

Agile Property Management LLC License #111615 Listed on: 11/12/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1385686

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,009

Year Built

  • Built in 1978

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 193 x 80
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 7,624 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 18 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • Everett Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00480200701400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,009

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7624
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 248

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 12
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 18
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish County PUD
  • SewerCompany: Everett Utility
  • WaterCompany: Everett Utility
  • WaterSewerGarbage: 11400

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00480200701400
  • Lot Size Acres: 0.35
  • Lot Size: 193 X 80
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 9910

Multi Family

  • Gross Scheduled Income: 118920
  • Net Operating Income: 88785
  • Number Of Units Total: 11
  • Electric Expense: 1500
  • Insurance Expense: 4700
  • Leasable Area: 7624
  • UnitsInBuildingTotal: 11
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 9009

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $1,480,500 +3.9% $194 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $1,425,000 -- $187 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1385686

Northwest Multiple Listing Service (NWMLS)

APN: 00480200701400