7705 Timber Hill Drive, Everett, WA 98203

$928,500

Listing courtesy of Lamoureux Real Estate. Selling Office: Urban Properties.

Sold Price
$928,500
List Price
$800,000
Status
SOLD
MLS#
1765197
Closing Date
Jun 10, 2021
Days on Market
6
Style
54 - 4-Plex
Lot Size (sq ft)
13,068

Property Description

INVESTOR ALERT! Fully occupied Everett 4-plex w/potential to add 4 more units (buyer to verify). Each unit has 2 bds, 1 full bth & approx. 960 sq.ft. of living space. Current rents avg. close to $1,300/month but w/some cosmetic updates they could surely rent for much more! Newer coin-op laundry generates extra monthly income & transfers w/sale. Attached carport for each unit. 1 unit currently M-T-M and 3 in leases w/less than a year remaining. New roof w/in last 2 years, several new windows, recent updates in some units including a whole new kitchen in Unit C. Pre-inspection report provided by request.

Additional Information

List Date
2021-05-04 00:00:00
Community
Valley View
Potential Terms
Cash Out, Conventional
Year Built
1969
Roof
Composition
Site Features
Cable TV, High Speed Internet
School District
Everett
Elementary School
Emerson Elem
Middle School
Evergreen Mid
High School
Cascade High
Total Monthly Income
$5,275
Gross Scheduled Income
$63,300
Vacancy Rate
4
Gross Adjusted Income
$60,768
Tax Year
2021
Insurance Expense
$1,518
W/S/G Expenses
$4,200
Total Expenses
$19,411
Net Operating Income
$41,357
Gross Rent Multiplier
13
Cap Rate
5
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