18723 137th Street SE, Monroe, WA 98272

$760,000
3,034
SqFt

Listing courtesy of Waterstone Properties.

List Price
$760,000
Status
PENDING
MLS#
1823275
Price Change
▲ $10,000 1633739626
Days on Market
69
Style
52 - Duplex
Building Condition
Average
Finished SqFt
3,034
Lot Size (sq ft)
9,583

Property Description

Investor Alert! Large duplex with great rental history nestled within single family homes and a desirable location close to town and highway 2. This townhouse style duplex features a 3 bed/2.5 bath unit with views of the valley and Rainier on one side and a 4 bed/3 bath unit on the other side. Both units include large 2 car garage, open floor plan, laundry, natural gas, extra parking spaces and ample storage. Currently fully occupied with month-to-month tenants with a 4% cap rate as occupied and a 5% with market rents.

Additional Information

List Date
2021-08-11 00:00:00
Community
In Town - Monroe
Potential Terms
Conventional, FHA, USDA Loan, VA Loan
Year Built
2004
View
Mountain(s), Territorial
Roof
Composition
Site Features
Deck
School District
Monroe
Elementary School
Chain Lake Elem
Middle School
Monroe Mid
High School
Monroe High
Total Monthly Income
$3,250
Gross Scheduled Income
$3,700
Vacancy Rate
2
Gross Adjusted Income
$3,626
Tax Year
2021
Insurance Expense
$850
Total Expenses
$536
Net Operating Income
$3,089
Gross Rent Multiplier
18
Cap Rate
4
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