218 10th Street, Snohomish, WA 98290

$1,865,000
4,926
SqFt

Listing courtesy of Windermere Real Estate Central.

List Price
$1,865,000
Status
ACTIVE
MLS#
2207869
Price Change
▼ $85,000 1712894399
Days on Market
46
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
4,926
Lot Size (sq ft)
14,810

Property Description

Fantastic turnkey 5 Unit Apartment Building located in one of the most picturesque cities in WA state. This is a unique opportunity to own a well-maintained investment property Downtown in the City of Snohomish - All Units are 2 bed 1 bath w/ washer/dryer + exterior storage units. 2020-2021 Updates: New Hardi-Siding, New Comp Roofs, New Milgard Windows, New Deck Coatings + more. Future Upside w/ Rent Increases & Unit Turns. All Units Water/Sewer Sub-Metered, 100% Recapture. No Smoking Building.

Additional Information

List Date
2024-03-08 16:43:09
Community
Snohomish
Potential Terms
Cash Out, Conventional
Year Built
1977
Roof
Composition, Torch Down
Site Features
Fenced-Fully
School District
Snohomish
Total Monthly Income
$8,835
Gross Scheduled Income
$107,020
Vacancy Rate
5
Gross Adjusted Income
$101,669
Tax Year
2023
Insurance Expense
$5,589
Total Expenses
$21,473
Net Operating Income
$80,196
Gross Rent Multiplier
18.2
Cap Rate
4.3
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