227 Dorn Avenue Unit #1-6, Everett, WA 98208
- $2,000,000
- 6,740
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- 2221999
- Days on Market
- 20
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,740
- Area Total SqFt
- 6740
- Annual Tax Ammount
- 11897
- Lot Size (sq ft)
- 12,632
- Sewer
- Sewer Connected
Property Description
Introducing a well maintained six-unit complex comprising a fourplex and a duplex. Very large townhouse-style units, each spanning over 1100 sq ft, offering 2 beds, 1.5 baths, a laundry room, small backyard, and balcony (plus decks for the fourplex). Assigned surface parking for tenants and guest parking onsite. Currently leased below market to long-term tenants, promising easy maintenance and potential rental income growth. Conveniently located near Evergreen Way, with easy access to freeways, shopping, schools, and public transit. Recent upgrades include water main (2022) and roof (2016) replacements, plus unit updates such as new flooring, paint, appliances. GSR after rent increase. Seller is a licensed real estate broker in WA.
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Additional Information
- List Date
- 2024-04-11 16:53:09
- Community
- Beverly Park
- Net Operating Income
- $101,539
- Gross Adjusted Income
- $123,120
- Gross Scheduled Income
- $129,600
- Total Monthly Income
- $10,125
- Insurance Expenses
- $5,594
- Water/Sewer/Garbage Expenses
- $8,650
- Gross Rent Multiplier
- 15.4
- Total Expenses
- $28,061
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 227
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1978
- Roof
- Cedar Shake
- Electric Expenses
- 120
- Other Expenses
- 1800
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $10,125
- Gross Scheduled Income
- $129,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $123,120
- Tax Year
- 2023
- Insurance Expense
- $5,594
- W/S/G Expenses
- $8,650
- Total Expenses
- $28,061
- Net Operating Income
- $101,539
- Gross Rent Multiplier
- 15.4
- Cap Rate
- 5
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