601 Cedar Avenue, Marysville, WA 98270
- $965,000
- 3,744
- SqFt
Listing courtesy of Keller Williams Realty Bothell. Selling Office: Skyline Properties, Inc..
- Sold Price
- $965,000
- List Price
- $998,950
- Status
- SOLD
- MLS#
- 2201174
- Closing Date
- Jul 31, 2024
- Days on Market
- 108
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,744
- Area Total SqFt
- 3744
- Annual Tax Ammount
- 5688
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
Rare Tremendous Investment Opportunity offering Four units which includes a garage 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 many options. Seller Financing options.
Additional Information
- List Date
- 2024-04-14 00:00:00
- Community
- Marysville
- Net Operating Income
- $78,704
- Gross Adjusted Income
- $91,728
- Gross Scheduled Income
- $93,600
- Total Monthly Income
- $7,800
- Insurance Expenses
- $2,200
- Water/Sewer/Garbage Expenses
- $2,100
- Gross Rent Multiplier
- 12.29
- Total Expenses
- $13,024
- Cap Rate
- 7
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 601
- 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
- Electric Expenses
- 276
- Other Expenses
- 2760
- Energy Source
- Electric
- 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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