2112 Madison Street, Everett, WA 98203
- $900,000
- 5,664
- SqFt
Listing courtesy of Pilot Ventures LLC. Selling Office: Preferred Property Mgmt NW.
- Sold Price
- $900,000
- List Price
- $1,145,000
- Status
- SOLD
- MLS#
- 1629768
- Closing Date
- Dec 28, 2020
- Days on Market
- 150
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,664
- Area Total SqFt
- 5664
- Annual Tax Ammount
- 13096
- Lot Size (sq ft)
- 9,147
- Sewer
- Sewer Connected
Property Description
The Madison Professional Building was constructed in 1995 and consists of six commercial suites and three apartment units. The building features a composition roof, replaced in 2014, and modern systems the represent a pride of ownership asset in an ideal location. The street-level office suites range in size from 372 to 549 square feet and share a kitchen and two restrooms. This low-maintenance building has strong curb appeal, ample off-street parking, and offers a buyer substantial upside.
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Additional Information
- List Date
- 2020-07-31 00:00:00
- Community
- Madison
- Net Operating Income
- $48,139
- Gross Adjusted Income
- $76,722
- Gross Scheduled Income
- $80,760
- Total Monthly Income
- $6,730
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $7,806
- Gross Rent Multiplier
- 15
- Total Expenses
- $28,583
- Cap Rate
- 3.9
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 2112
- Potential Terms
- Cash Out
- Year Built
- 1995
- Roof
- Composition
- Other Expenses
- 9681
- School District
- Everett
- Total Monthly Income
- $6,730
- Gross Scheduled Income
- $80,760
- Vacancy Rate
- 5
- Gross Adjusted Income
- $76,722
- Tax Year
- 2020
- Insurance Expense
- $2,000
- W/S/G Expenses
- $7,806
- Total Expenses
- $28,583
- Net Operating Income
- $48,139
- Gross Rent Multiplier
- 15
- Cap Rate
- 3.9
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