28011 68th Avenue NW, Stanwood, WA 98292

$687,500
2,260
SqFt

Listing courtesy of Latham Realty Unlimited Inc.

List Price
$687,500
Status
ACTIVE
MLS#
1949928
Price Change
▼ $10,000 1663754246
Days on Market
112
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,260
Lot Size (sq ft)
34,412

Property Description

INSTANT CASH FLOWING INVESTMENT OPPORTUNITY! Beautiful home on over 3/4 acres in the heart of the Cedarhome Neighborhood. This well maintained home has been tastefully set up as a highly functional triplex. Main floor is unit 1 with 2 beds, 1 bath, living room & massive kitchen w/ eating space. Upstairs is evenly divided into mirror units, each w/ 1 bed, 1 bath, living room & kitchen. All units have individual entrances. Large shared yard & garage divided to 3 separate spaces (unit 1 garage converted to finished space). Shared laundry at north end of garage. Barn in the back is great for landlord storage, shared tenant storage or potential added income. Individual power meters, combined water. MOTIVATED SELLER, MOVING FROM AREA.

Additional Information

List Date
2022-06-13 04:56:09
Community
Cedarhome
Potential Terms
Cash Out, Conventional
Year Built
1924
View
Territorial
Roof
Composition
Site Features
Barn, Shop
School District
Stanwood-Camano
Elementary School
Cedarhome Elem
Middle School
Buyer To Verify
High School
Stanwood High
Total Monthly Income
$3,729
Gross Scheduled Income
$44,748
Gross Adjusted Income
$44,748
Tax Year
2022
Insurance Expense
$1,000
W/S/G Expenses
$4,524
Total Expenses
$11,562
Net Operating Income
$33,186
Gross Rent Multiplier
16.76
Cap Rate
4.4
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