4827 Vesper Drive, Everett, WA 98203

$760,000
2,700
SqFt

Listing courtesy of Windermere R.E./Snohomish Inc.. Selling Office: Homes & Equity Real Estate Grp.

Sold Price
$760,000
List Price
$785,000
Status
SOLD
MLS#
1321075
Closing Date
Mar 08, 2019
Days on Market
245
Style
54 - 4-Plex
Finished SqFt
2,700
Area Total SqFt
2700
Annual Tax Ammount
5841
Lot Size (sq ft)
15,991
Sewer
Sewer Connected

Property Description

RECENT RENT INCREASES HAVE IMPROVED PERFORMANCE! 4-PLEX on 1-lot ( .37 Acre+/- ) on corner just off Evergreen Way in Everett. Zoned R4, 1-Unit per 750 SqFt, height limit 45'! Current Gross Monthly Income of $4143, rents below potential, coin-op laundry rm, new roof about a year ago. Plans for an additional 5-Units behind existing 4-Units; each Unit +/- 1400 SqFt with 2-Car garages! HUGE POTENTIAL on this property! Great location, close to bus stops, commute routes, shopping, etc...

Additional Information

List Date
2018-07-06 00:00:00
Community
Evergreen
Net Operating Income
$39,585
Gross Adjusted Income
$49,716
Gross Scheduled Income
$49,716
Total Monthly Income
$4,143
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$2,340
Gross Rent Multiplier
16
Total Expenses
$10,131
Cap Rate
5
Total Number of Units
4
Unit Name
4827
Potential Terms
Cash Out, Conventional
Year Built
1955
View
City, Mountain(s), Territorial
Roof
Composition, See Remarks
Other Expenses
750
School District
Everett
Elementary School
View Ridge Elem
Middle School
Evergreen Mid
High School
Everett High
Total Monthly Income
$4,143
Gross Scheduled Income
$49,716
Gross Adjusted Income
$49,716
Tax Year
2018
Insurance Expense
$1,200
W/S/G Expenses
$2,340
Total Expenses
$10,131
Net Operating Income
$39,585
Gross Rent Multiplier
16
Cap Rate
5
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