531 83rd Avenue SE, Lake Stevens, WA 98258
- $1,400,000
- 3,567
- SqFt
Listing courtesy of Snohomes Realty Inc.
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- 1963002
- Price Change
- ▼ $100,000 1678421009
- Days on Market
- 338
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,567
- Lot Size (sq ft)
- 44,867
Property Description
**INVESTOR ALERT ~ Desirable City of Lake Stevens! Preliminary short plat done - shovel ready. (Lot 1) has existing Triplex ~ New roof and gutters. Fresh updates with new appliances ~ granite counters ~ vinyl flooring ~ lighting ~ paint and permitted decks. Each unit has their own fenced yard and lower-level laundry including storage space. Unit 1 showcases a below grade studio. (Lot 2) ~ residential, (lot 3) w/duplex potential. City water & sewer. Prime location w/new housing developments, Costco, and quick access to Hwy 9, Hwy 2 and I-5. See attached plat for improvements needed. 100% occupancy including original farmhouse ~ please use discretion when walking exterior. Great opportunity for the investor and/or 1031 Exchange.
Additional Information
- List Date
- 2022-04-22 03:11:10
- Community
- Lake Stevens
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, RV Parking
- School District
- Lake Stevens
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,050
- Gross Scheduled Income
- $72,600
- Gross Adjusted Income
- $72,600
- Tax Year
- 2023
- Insurance Expense
- $2,232
- W/S/G Expenses
- $9,037
- Total Expenses
- $17,172
- Net Operating Income
- $55,426
- Gross Rent Multiplier
- 19
- Cap Rate
- 3.96
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