9706 16th Place SE Unit #A & B, Lake Stevens, WA 98258

$974,950
2,816
SqFt

Listing courtesy of COMPASS.

List Price
$974,950
Status
ACTIVE
MLS#
1999435
Days on Market
12
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,816
Lot Size (sq ft)
6,970

Property Description

Sensational investment opportunity in the heart of beautiful Lake Stevens! This duplex features two units in good condition and carry the potential to come with fantastic, long-term tenants who are currently on month to month leases. Designed to live like a single family home, both units feature soaring spaces with amenities that include propane fireplaces, hardwoods, large 2-car garages, and an oversized loft area that could be converted to an additional bedroom. These units rent very easy as 3 bedroom units. The 3rd bed for each unit is loft style w/separate door & window. The one half wall overlooks the living room for a very aesthetically pleasing feel. Comparative rental rates in the area are $2500/month for a potential 5% CAP Rate.

Additional Information

List Date
2022-09-22 15:08:09
Community
Lake Stevens
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1993
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet
School District
Lake Stevens
Elementary School
Skyline Elem
Middle School
Lake Stevens Middle
High School
Lake Stevens Snr Hig
Total Monthly Income
$4,350
Gross Scheduled Income
$52,200
Gross Adjusted Income
$52,200
Tax Year
2022
Insurance Expense
$1,470
W/S/G Expenses
$2,388
Total Expenses
$9,978
Net Operating Income
$42,222
Gross Rent Multiplier
18.66
Cap Rate
4.33
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks