9107 Meridian Place NE, Lake Stevens, WA 98258

$959,950
3,088
SqFt

Listing courtesy of Infinity Properties.

List Price
$959,950
Status
PENDING FEASABILITY
MLS#
1656889
Price Change
▲ $10,000 1612324645
Days on Market
156
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
3,088
Lot Size (sq ft)
10,454

Property Description

Location, location, location plus DESIRABLE schools & HIGH tenant demand in a HIGH growth, HIGH appreciation area! This 4-plex opportunity checks ALL the boxes! Set yourself up for life with low financing rates in this exploding demand market! Great opportunity to own & prosper in Lake Stevens market! Four identical units each have 772 square feet with two bedrooms, 1 bath PLUS in-unit laundry. Kitchens updated in three of the units already! This professionally managed complex has a very LOW vacancy rate w/ HIGH upside potential on income in the near term! Conveniently located to the Hwy2 trestle, Frontier Village & everything Lake Stevens, Snohomish & Everett have to offer! Don't miss out on this fantastic & very rare 4-Plex opportunity!

Additional Information

List Date
2020-09-02 00:00:00
Community
Lake Stevens
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1979
Total Parking
8
Uncovered Parking
8
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Patio
Lot Details
Cul-de-sac, Dead End Street, Paved Street, Sidewalk
School District
Lake Stevens
High School
Lake Stevens Snr Hig
Total Monthly Income
$5,150
Gross Scheduled Income
$61,800
Gross Adjusted Income
$61,800
Annual Taxes
$6,255
Tax Year
2020
Insurance Expense
$1,669
W/S/G Expenses
$5,748
Total Expenses
$13,672
Net Operating Income
$56,052
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
772
Unit 1 Rent
$1,415
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
772
Unit 2 Rent
$1,395
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
772
Unit 3 Rent
$1,095
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
772
Unit 4 Rent
$1,245
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