1207 Beach Ave Unit 1-12, Marysville, WA 98270

$1,800,000
9,618
SqFt

Listing courtesy of CBRE INC.

List Price
$1,800,000
Status
PENDING
MLS#
1433133
Days on Market
7
Style
56 - 10+ Units
Finished SqFt
9,618
Lot Size (sq ft)
37,462

Property Description

12-unit property across two buildings located in Marysville, Washington. Built in 1957 and 1967, the fully-occupied buildings consist of six units each for a total of nine two-bedroom and three one-bedroom units averaging 884 square feet. With in-unit washers and dryers, 14 surface spaces, 8 carport spaces, and a 900 square-foot storage space (rented for $420/month). Proforma numbers.

Additional Information

List Date
2019-04-02 00:00:00
Community
Marysville
Property Type
MULT
Units
12
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1967
Total Parking
22
Uncovered Parking
14
Exterior
Wood
Roof
Composition
Lot Details
Paved Street
School District
Marysville
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Marysville Pilchuck
Total Monthly Income
$13,467
Gross Scheduled Income
$147,600
Vacancy Rate
5
Gross Adjusted Income
$140,220
Annual Taxes
$13,997
Tax Year
2019
Insurance Expense
$3,000
W/S/G Expenses
$17,300
Total Expenses
$58,277
Net Operating Income
$105,728
Gross Rent Multiplier
12
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
900
Unit 1 Rent
$1,050
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,050
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$950
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
780
Unit 4 Rent
$1,050
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
700
Unit 5 Rent
$950
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
700
Unit 6 Rent
$950
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