2310 116th Street SW, Everett, WA 98204

$1,599,900

Listing courtesy of Windermere Real Estate M2 LLC.

List Price
$1,599,900
Status
PENDING INSPECTION
MLS#
1721109
Days on Market
113
Style
53 - Tri-plex
Building Condition
Very Good
Lot Size (sq ft)
12,197

Property Description

Craftsman style 2018 built triplex with modern finishes. Enjoy this low maintenance turnkey property w/ high-end builder choices including tile floors, granite counters, air conditioning & much more. The total finished sqft is ~ 6,136, plus 1,427 sqft of unfinished garage space. Two units are 3beds/3baths & one unit is 4beds/3baths. Each unit boasts main-bed with 5-piece bath, laundry room, & a 2-car garage w/ 2 off St. parking spots. The yard is low maintenance & partially fenced. Quick access to amenities. Current rent of 3bed units are $2,300-$2,500 monthly, w/ substantial room to increase, proforma rent for 4bed. is $3,200 monthly. This is a hard-to-find new construction investment property in the fast-growing Snohomish County market.

Additional Information

List Date
2021-01-25 00:00:00
Community
Everett
Potential Terms
Cash Out, Conventional
Year Built
2018
View
Mountain(s)
Roof
Composition
Site Features
Deck, Fenced-Partially
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$8,000
Gross Scheduled Income
$96,000
Vacancy Rate
5
Gross Adjusted Income
$91,200
Tax Year
2019
Insurance Expense
$1,232
Total Expenses
$10,103
Net Operating Income
$81,097
Gross Rent Multiplier
16
Cap Rate
5
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