11113 S Lake Stevens Road Unit #A-C, Lake Stevens, WA 98258

$740,000
4,406
SqFt

Listing courtesy of Windermere Real Estate M2 LLC. Selling Office: Realty One Group Preview.

Sold Price
$740,000
List Price
$729,950
Status
SOLD
MLS#
1217601
Closing Date
Jan 19, 2018
Days on Market
8
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
4,406
Area Total SqFt
4406
Annual Tax Ammount
5483
Lot Size (sq ft)
182,516
Sewer
Sewer Connected

Property Description

Beautiful quality triplex in Lake Stevens w/room for expansion on 4.19ac. Property features (2) 3bd, 2.5ba @ $1650-$1750/mo; (1) 1bd, 1ba @ $750-850/mo; (1) storage approx 22'x44' in use by owner; (1) 750sf unfinished/extra unit. Ideal long term investment w/quality construction from 2008, low maintenance design, hard-plank, 30yr comp roof, tile surrounds in baths, real wood trim & cabinets, paved parking, gas fp, 2 car garages, vaulted ceilings, walk-in closets.

Additional Information

List Date
2018-01-11 00:00:00
Community
Lake Stevens
Net Operating Income
$42,617
Gross Adjusted Income
$49,800
Gross Scheduled Income
$49,800
Total Monthly Income
$4,150
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$500
Gross Rent Multiplier
15
Total Expenses
$7,183
Cap Rate
5.84
Total Number of Units
5
Unit Name
11113
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
2008
Roof
Composition
School District
Lake Stevens
Total Monthly Income
$4,150
Gross Scheduled Income
$49,800
Gross Adjusted Income
$49,800
Tax Year
2017
Insurance Expense
$1,200
W/S/G Expenses
$500
Total Expenses
$7,183
Net Operating Income
$42,617
Gross Rent Multiplier
15
Cap Rate
5.84
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