18461 Killarney Circle, Monroe, WA 98272

$2,400,000
6,110
SqFt

Listing courtesy of ShopProp Inc..

List Price
$2,400,000
Status
ACTIVE
MLS#
2189489
Days on Market
142
Style
55 - 5-9 Units
Building Condition
Remodeled
Finished SqFt
6,110
Lot Size (sq ft)
16,117

Property Description

This property features third plus acre grass lot, partially fenced. The 6plex is a great valued property. Each unit is a 3 bedroom, 2 bath, 1025 sq ft. All appliances refreshed including washer and dryer in each rental. Excellent 1031 Exchange property. Over 350K invested to update all the units with LVP, trim, appliances, electrical, paint Rent roll approx 185K/pa, Cap rate ~5.8% Great property for beginning investor as owner-occupant. Do not contact or disturb residents in any way. Pre-inspected (report available in MLS) Remodel dates #1(2023) #2(2019),#3(2018),#4(2019) ,#5(2021),#6(2023). New garage doors w/openers (Dec23). Deck repaired (Dec23), Garbage box rebuilt (Jan24), Siding repaired (Jan24). roof repaired new gutters(Mar24)

Additional Information

List Date
2024-01-06 20:29:37
Community
Monroe
Potential Terms
Cash Out, Conventional
Year Built
1988
Roof
Composition
Site Features
Deck, Fenced-Partially
School District
Monroe
Total Monthly Income
$15,450
Gross Scheduled Income
$185,000
Vacancy Rate
5
Gross Adjusted Income
$175,750
Tax Year
2023
Insurance Expense
$2,352
W/S/G Expenses
$12,216
Total Expenses
$36,912
Net Operating Income
$138,838
Gross Rent Multiplier
12.97
Cap Rate
5.78
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