5206 S 2nd Avenue, Everett, WA 98203
- $650,000
Listing courtesy of Keller Williams Realty Bothell.
- List Price
- $650,000
- Status
- PENDING
- MLS#
- 2219558
- Days on Market
- 24
- Style
- 53 - Tri-plex
- Annual Tax Ammount
- 4299
- Lot Size (sq ft)
- 4,791
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-04-11
Property Description
ATTENTION Owner Occupied or NOO Investors - 6.68% CAP RATE! This is a Commercial Building (Former Hair Salon) with B-2 zoning in the Lowell Neighborhood that is now a Non-Conforming Triplex an FHA ASSUMABLE LOAN w/ 2.75% INTEREST!!! 3 bedroom unit upstairs w/ laundry has been renovated and will be vacant on 4/30 for an immediate opportunity to increase rent/income and owner occupy or choose your tenant! There are two 1 bedroom units on the lower level + shared laundry for those two units. Future use could include your business with great storefront space on ground level and ample parking. Commuters dream with easy access to public transit, I-5, Hwy 9, & Boeing. Just down the street from Lowell Riverfront Trail and Parks!
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Additional Information
- List Date
- 2024-04-06 02:40:08
- Community
- Lowell
- Net Operating Income
- $43,438
- Gross Adjusted Income
- $53,700
- Gross Scheduled Income
- $53,700
- Total Monthly Income
- $4,475
- Insurance Expenses
- $1,477
- Water/Sewer/Garbage Expenses
- $1,792
- Gross Rent Multiplier
- 11
- Total Expenses
- $10,262
- Cap Rate
- 6.68
- Total Number of Units
- 3
- Unit Name
- 5206
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1922
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Electric Expenses
- 1894
- Other Expenses
- 800
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,475
- Gross Scheduled Income
- $53,700
- Gross Adjusted Income
- $53,700
- Tax Year
- 2023
- Insurance Expense
- $1,477
- W/S/G Expenses
- $1,792
- Total Expenses
- $10,262
- Net Operating Income
- $43,438
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.68
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