11428 51st St NE, Marysville, WA 98271

$540,000
2,112
SqFt

Listing courtesy of Homesmart Ion Realty Group. Selling Office: .

Sold Price
$540,000
List Price
$550,000
Status
SOLD
MLS#
1422088
Closing Date
May 28, 2019
Days on Market
42
Style
52 - Duplex
Finished SqFt
2,112
Lot Size (sq ft)
48,787

Property Description

Great CAP rate at 5.65% for this duplex that was actually built and meant to be a duplex! This property has always been rented - when tenants move out, new tenants are lined up trying to get in. Nearly a "set it and forget it" rental. Each side has 3 bedrooms, 2 bathrooms and a one car garage. Each unit has a back yard area that backs to a green belt. Off the road just enough for some privacy, but still close to major amenities. Unit B recently got new carpet, vinyl in bathrooms, and paint.

Additional Information

List Date
2019-03-12 00:00:00
Community
Marysville Pilchuck
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1989
Total Parking
4
Uncovered Parking
2
Exterior
Wood
Roof
Composition
Site Features
High Speed Internet, Patio
Lot Details
Paved Street, Sidewalk
School District
Marysville
Total Monthly Income
$3,175
Gross Scheduled Income
$38,100
Gross Adjusted Income
$38,100
Annual Taxes
$3,818
Tax Year
2019
Insurance Expense
$1,000
W/S/G Expenses
$1,920
Total Expenses
$6,980
Net Operating Income
$31,120
Gross Rent Multiplier
14
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1056
Unit 1 Rent
$1,575
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1056
Unit 2 Rent
$1,600
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