2517 E Grand Avenue, Everett, WA 98201

$150,000
1,833
SqFt

Listing courtesy of John L. Scott - KMS Kent. Selling Office: Skyline Properties, Inc..

Sold Price
$150,000
List Price
$200,000
Status
SOLD
MLS#
1083077
Closing Date
May 25, 2017
Days on Market
51
Style
52 - Duplex
Finished SqFt
1,833
Area Total SqFt
1833
Annual Tax Ammount
2561
Lot Size (sq ft)
5,227
Sewer
Sewer Connected
Offer Review Date
2017-05-04

Property Description

CASH ONLY in AS-IS condition. Excellent investment opportunity for “sweat equity”. Property is condemned by city of Everett, the property has an open code enforcement case with City. Convenient location overlooking the Snohomish River & Cascade Mountains. Unit A is a 3 bedrooms, 1 bath & unit B is a 2 bedroom, 1 bath; both units come with all appliances. Fenced yard and deck. Additional off street parking. Minutes from downtown Everett & all amenities as well as easy access to I-5.

Additional Information

List Date
2017-04-04 00:00:00
Community
North Everett
Net Operating Income
$16,289
Gross Adjusted Income
$21,900
Gross Scheduled Income
$21,900
Total Monthly Income
$1,825
Insurance Expenses
$650
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
11
Total Expenses
$5,611
Cap Rate
6.5
Vacancy Rate
50
Total Number of Units
2
Unit Name
2517
Potential Terms
Cash Out
Year Built
1940
Roof
Composition
Site Features
Cable TV, Deck, Disabled Access, Fenced-Partially, Patio, RV Parking
School District
Everett
Total Monthly Income
$1,825
Gross Scheduled Income
$21,900
Vacancy Rate
50
Gross Adjusted Income
$21,900
Tax Year
2016
Insurance Expense
$650
W/S/G Expenses
$2,400
Total Expenses
$5,611
Net Operating Income
$16,289
Gross Rent Multiplier
11
Cap Rate
6.5
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