1117 Pacific Avenue, Everett, WA 98201
- $550,000
- 2,670
- SqFt
Listing courtesy of Windermere Real Estate Midtown. Selling Office: Windermere Real Estate RBI.
- Sold Price
- $550,000
- List Price
- $550,000
- Status
- SOLD
- MLS#
- 1327818
- Closing Date
- Sep 10, 2018
- Days on Market
- 18
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,670
- Area Total SqFt
- 2670
- Annual Tax Ammount
- 4137
- Lot Size (sq ft)
- 8,276
- Sewer
- Sewer Connected
Property Description
New zoning changes mean big opportunity for this fully functioning duplex with potentially 5314 sq ft of rentable space. Currently R4 with Clinic Overlay set to be classified as UR - Urban Residential (7-11 floors) - Multifamily? Medical Clinic? retail? microbrewery? Improve duplex and increase rentable space? Currently, each side enjoys 1335 sq ft, 2 beds and 1 bath. Huge basement with tall ceilings make this prime to finish off as tri/fourplex. Cap rate as is pro forma 5.7% - potential is HUGE
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Additional Information
- List Date
- 2018-08-23 00:00:00
- Community
- In Town
- Net Operating Income
- $31,703
- Gross Adjusted Income
- $39,600
- Gross Scheduled Income
- $39,600
- Total Monthly Income
- $3,300
- Insurance Expenses
- $960
- Water/Sewer/Garbage Expenses
- $2,800
- Gross Rent Multiplier
- 14
- Total Expenses
- $7,897
- Cap Rate
- 5.7
- Total Number of Units
- 2
- Unit Name
- 1117
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1927
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,300
- Gross Scheduled Income
- $39,600
- Gross Adjusted Income
- $39,600
- Tax Year
- 2018
- Insurance Expense
- $960
- W/S/G Expenses
- $2,800
- Total Expenses
- $7,897
- Net Operating Income
- $31,703
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.7
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