601 Cedar Avenue, Marysville, WA 98270

$1,098,000
3,744
SqFt

Listing courtesy of Keller Williams Realty Bothell.

List Price
$1,098,000
Status
ACTIVE
MLS#
2201174
Price Change
▼ $52,000 1710881999
Days on Market
60
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,744
Lot Size (sq ft)
9,583

Property Description

Rare Tremendous Investment Opportunity offering Four units which includes a commercial unit on the main street. Great Cash Flows! Long term tenant leases in front duplex. Additionally a detached 2 bedroom remodeled fully furnished home with extensive upgraded patio which has commanded up to $3,500 per month for short term rental tenants. The whole property is currently zoned "Flex Residential: allowing many options for permitted uses including mixed uses, commercial, adult family homes, senior housing accessory dwelling units & more. Updated units inside & out. An enclosed fenced areas with a sprinkler system allows for easy landscape maintenance. All units have separate meters! Convert & upgrade commercial. Seller Financing options.

Additional Information

List Date
2024-02-17 15:52:10
Community
Marysville
Potential Terms
Cash Out, Conventional, FHA, Owner Financing
Year Built
1957
View
City, Territorial
Roof
Composition
Site Features
Fenced-Partially, Outbuildings, Patio, RV Parking, Shop, Sprinkler System
School District
Marysville
Elementary School
Liberty Elem
Middle School
Marysville Mid
High School
Buyer To Verify
Total Monthly Income
$7,800
Gross Scheduled Income
$93,600
Vacancy Rate
2
Gross Adjusted Income
$91,728
Tax Year
2023
Insurance Expense
$2,200
W/S/G Expenses
$2,100
Total Expenses
$13,024
Net Operating Income
$78,704
Gross Rent Multiplier
12.29
Cap Rate
7
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