11511 Marino Avenue, Everett, WA 98204

$485,000
1,426
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$485,000
Status
PENDING
MLS#
1850727
Days on Market
37
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,426
Lot Size (sq ft)
8,276

Property Description

Superb investment opportunity. Well maintained mirrored 50’s rambler style duplex nestled on a quiet dead-end street. Smartly designed 2 bdrm floor plan + office. Updated electrical & plumbing. Remodeled kitchen & bath (#511). Freshly painted exterior. Separate driveways w/plenty of parking. Each unit has its own fully fenced private back yard w/extra-large storage shed. Huge level lot, great for pets & play! Great long term tenants, positive cash flow. Untapped upside potential for the savvy investor. Excellent location. Conveniently close to Hwy 99, Airport Rd, Paine Field, Everett Mall, Ferry’s & Mukilteo schools. Walking path to Fairmont Elementary. Sometimes too good to be true, is true!

Additional Information

List Date
2021-10-25 15:22:09
Community
Lake Stickney
Potential Terms
Cash Out, Conventional, FHA
Year Built
1959
Roof
Flat, Torch Down
Site Features
Fenced-Fully, Outbuildings
School District
Mukilteo
Elementary School
Fairmount Elem
Middle School
Explorer Mid
High School
Mariner High
Total Monthly Income
$2,300
Gross Scheduled Income
$27,600
Gross Adjusted Income
$27,600
Tax Year
2021
Insurance Expense
$2,634
Total Expenses
$8,454
Net Operating Income
$19,146
Gross Rent Multiplier
17
Cap Rate
3
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