9118 113th Dr SE, Snohomish, WA 98290

$750,000
4,800
SqFt

Listing courtesy of Windermere Lake Stevens. Selling Office: Associated Real Estate Group.

Sold Price
$750,000
List Price
$779,000
Status
SOLD
MLS#
1566669
Closing Date
Mar 17, 2020
Days on Market
8
Style
53 - Tri-plex
Building Condition
['Average']
Finished SqFt
4,800
Lot Size (sq ft)
27,882

Property Description

Unique investment property in Snohomish with quick access to SR 2. Triplex with 2 units 2 bed/ 1.5 bath units and a 1 bed/1 bath unit plus a 1800 square ft shop with a commercial tenant. Total monthly income of $5395. Residential units are under market rent with month to month long term tenants. Shop space is month to month with long term electrical contractor utilizing as a storage space. 2 septic systems installed, 1 ea for the Triplex and shop with 1 approved for future permitted structure.

Additional Information

List Date
2020-02-20 00:00:00
Community
Snohomish
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out, Owner Financing, USDA
Year Built
1981
Total Parking
10
Uncovered Parking
8
View
Mountain, Territorial
Exterior
Metal/Vinyl, Wood
Roof
Composition
Site Features
Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking, Shop
Lot Details
Corner Lot, Dead End Street, Paved Street
School District
Snohomish
Elementary School
Dutch Hill Elem
Middle School
Snoh. Freshman Campu
High School
Snohomish High
Total Monthly Income
$5,395
Gross Scheduled Income
$64,740
Gross Adjusted Income
$52,170
Annual Taxes
$4,570
Tax Year
2019
Insurance Expense
$2,000
W/S/G Expenses
$6,000
Total Expenses
$12,570
Net Operating Income
$52,170
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
1200
Unit 1 Rent
$1,150
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1200
Unit 2 Rent
$1,270
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$725
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