6011 Mcdougall Ave

Everett, WA 98203

Status

ACTIVE

MLS#

1108190

List Price

$499,000

Days on Market

11

Style

52 - Duplex

Building Condition

Good

Finished SqFt

2,511

Lot Size (sq ft)

5,662

Property Description

Incredible investment in Boeing/Pinehurst neighborhood. Very little turnover despite consistent Rental Rate Increases which are projected to continue at a healthy rate. Steady tenancy in all 3 units. Legal duplex with an additional 600 sq' M.I.L. on top floor (non-conforming), also with 4 yr+ tenant. Conveniently located with direct bus line, mall & DT access. All new windows and paint this spring, new water heaters for the lower units. All 3 units are occupied so please don't disturb tenants.

Property Details

List Date

2017-04-19 00:00:00

Community

Pinehurst

Property Type

MULT

Units

3

Stories

3

Additional Information

Potential Terms

Cash Out, Conventional

Year Built

1940

Total Parking

6

Uncovered Parking

6

View

Mountain

Exterior

Wood

Roof

Composition

Site Features

Fenced-Fully, Patio

Lot Details

Paved Street

School District

Everett

Financial Information

Total Monthly Income

$3,085

Gross Scheduled Income

$37,020

Vacancy Rate

3

Gross Adjusted Income

$29,580

Annual Taxes

$3,243

Tax Year

2017

Insurance Expense

$915

W/S/G Expenses

$2,171

Total Expenses

$6,329

Net Operating Income

$29,580

Gross Rent Multiplier

13

Cap Rate

5

Approximate Room Dimensions

Unit 1 Beds

1

Unit 1 Baths

1.00

Unit 1 Size

650

Unit 1 Rent

$660

Unit 2 Beds

2

Unit 2 Baths

1.00

Unit 2 Size

1125

Unit 2 Rent

$1,125

Unit 3 Beds

3

Unit 3 Baths

1.00

Unit 3 Size

1023

Unit 3 Rent

$1,300

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Listing courtesy of Prestige Property Mgmt LLC.

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