2108 117th Ave NE, Lake Stevens, WA 98258

$675,000
2,244
SqFt

Listing courtesy of KW North Sound.

List Price
$675,000
Status
ACTIVE
MLS#
1578454
Price Change
▼ $24,990 1593050038
Days on Market
144
Style
53 - Tri-plex
Building Condition
['Very Good']
Finished SqFt
2,244
Lot Size (sq ft)
9,583

Property Description

Excellent investment opportunity, all 3 units filled with very good tenants. Upstairs 3 bedroom 2 full bath, eating space in kitchen and large separate laundry room. Front downstairs unit is a darling 1 bedroom 1 bath with a rocking chair front porch. Rear downstairs unit has 2 bedrooms and 1 bath. Units and major systems have been updated, roof replaced 5 years ago. Large well maintained yard and lots of parking for each unit. Great close to town location!

Additional Information

List Date
2020-03-14 00:00:00
Community
Downtown Lk Stevens
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Farm Home Loan, FHA, VA
Year Built
1926
Total Parking
8
Uncovered Parking
8
Exterior
Wood
Roof
Composition
Site Features
Cable TV, High Speed Internet, RV Parking
Lot Details
Paved Street
School District
Lake Stevens
Total Monthly Income
$3,811
Gross Scheduled Income
$45,732
Gross Adjusted Income
$34,145
Annual Taxes
$4,943
Tax Year
2019
Insurance Expense
$1,700
W/S/G Expenses
$4,944
Total Expenses
$11,587
Net Operating Income
$34,145
Gross Rent Multiplier
14
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
495
Unit 1 Rent
$1,037
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$1,137
Unit 3 Beds
3
Unit 3 Baths
2.00
Unit 3 Size
1192
Unit 3 Rent
$1,637
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