207 Date St, Sultan, WA 98294

$2,150,000
7,595
SqFt

Listing courtesy of Skyline Properties, Inc..

List Price
$2,150,000
Status
ACTIVE
MLS#
1751695
Days on Market
39
Style
55 - 5-9 Units
Building Condition
['Very Good']
Finished SqFt
7,595
Lot Size (sq ft)
16,988

Property Description

Beautiful new 7-unit multi-family just about completed. Located in Sultan, walking distance from the schools and parks. Ideal property to live in and manage while cash flowing. Also a perfect income property to hold in this rapidly growing town. Approx. 40 min. commute to Redmond/Bellevue, 10 min outside Monroe. All new plumbing, electrical, drywall, flooring, cabinets, appliances, etc. Full washer/dryer and AC mini-splits in each unit! All new asphalt, fencing, landscaping. 1 ADA unit. Units are vacant but will start to lease soon. Est. approx $102k NOI (proforma), listed at 4.77% Cap. Buy pre-lease to choose your own tenants/leases. Must see-nothing like it on the market!

Additional Information

List Date
2021-04-03 00:00:00
Community
Sultan
Property Type
MULT
Units
7
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1988
Total Parking
13
Uncovered Parking
13
Exterior
Cement Planked, Metal/Vinyl
Roof
Composition
Site Features
Electric Car Charging, Cable TV, Fenced-Fully, High Speed Internet
Lot Details
Paved Street
School District
Sultan
Elementary School
Sultan Elem
Middle School
Sultan Mid
High School
Sultan Snr High
Total Monthly Income
$9,250
Gross Scheduled Income
$123,600
Vacancy Rate
5
Gross Adjusted Income
$117,420
Annual Taxes
$5,494
Tax Year
2021
Insurance Expense
$4,500
Total Expenses
$14,694
Net Operating Income
$95,220
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1384
Unit 1 Rent
$1,685
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
1071
Unit 2 Rent
$1,550
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
928
Unit 3 Rent
$1,435
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
1111
Unit 4 Rent
$1,495
Unit 5 Beds
3
Unit 5 Baths
1.00
Unit 5 Size
1368
Unit 5 Rent
$1,600
Unit 6 Beds
2
Unit 6 Baths
2.00
Unit 6 Size
1003
Unit 6 Rent
$1,485
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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