7809 Timber Hill Drive, Everett, WA 98203

$1,499,000
3,837
SqFt

Listing courtesy of Real Broker LLC.

List Price
$1,499,000
Status
ACTIVE
MLS#
2201884
Days on Market
81
Style
54 - 4-Plex
Finished SqFt
3,837
Lot Size (sq ft)
13,068

Property Description

Presenting an elegant 4-plex in the tranquil Valley View neighborhood. A lucrative, easily managed investment that has been fully renovated in 2019. Each unit has 2 bedrooms and 1 bath. With zero vacancies and competitive rental rates. All units are currently leased, staggered throughout 2024. Two units are designed in a townhome style with attached 2-car garages, while the other two units follow a rambler layout with parking space for 2 cars each. Guardian meters are in place, ensuring that tenants cover all utility expenses. Situated in a tranquil neighborhood, the property is conveniently close to various grocery stores, restaurants, and public transportation options.

Additional Information

List Date
2024-02-03 00:13:10
Community
Valley View
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1969
View
Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
School District
Everett
Elementary School
Emerson Elem
Middle School
Evergreen Mid
High School
Buyer To Verify
Total Monthly Income
$8,950
Gross Scheduled Income
$107,400
Gross Adjusted Income
$107,400
Tax Year
2023
Insurance Expense
$1,000
W/S/G Expenses
$4,803
Total Expenses
$14,515
Net Operating Income
$93,052
Gross Rent Multiplier
14
Cap Rate
6.2
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. Data last updated at .

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