1813 -1815 Vernon Road, Lake Stevens, WA 98258

$1,449,000
2,947
SqFt

Listing courtesy of John L. Scott Lake Stevens.

List Price
$1,449,000
Status
ACTIVE
MLS#
2207949
Price Change
▼ $20,000 1713818420
Days on Market
69
Style
53 - Tri-plex
Building Condition
Fair
Finished SqFt
2,947
Lot Size (sq ft)
7,841

Property Description

THREE UNITS on Lake Stevens! Low bank WATERFRONT home w/AMAZING views, nice dock w/boathouse + turnkey DUPLEX on the property for instant income! Updated 2-story home w/3 bedrooms, 1 1/2 baths, extra finished room upstairs, + main floor master, kitchen, living room, dining area, and full bath. Super efficient wall-mounted Mitsubishi multi-zone ductless heat and A/C units upstairs & downstairs. One of the BEST view decks on Lake Stevens -- HUGE Trex deck w/180 degree Lake and Cascade mountain views! Grassy & wood decked areas waterside w/storage shed & wood dock plus rare, irreplaceable BOATHOUSE! Updated stand-alone duplex on property, nicely finished w/water view deck & washer/dryer in units. Come invest in exploding Lake Stevens!

Additional Information

List Date
2024-03-19 20:33:02
Community
Lake Stevens
Potential Terms
Cash Out, Conventional
Year Built
1920
Waterfront
Yes
View
Lake, Mountain(s)
Roof
Composition
Site Features
Boat House, Cable TV, Deck, Dock, High Speed Internet, Outbuildings
School District
Lake Stevens
Elementary School
Stevens Creek Elementary
Middle School
North Lake Mid
High School
Lake Stevens Snr Hig
Total Monthly Income
$7,000
Gross Scheduled Income
$84,000
Gross Adjusted Income
$84,000
Tax Year
2024
Insurance Expense
$2,707
W/S/G Expenses
$2,376
Total Expenses
$15,462
Net Operating Income
$68,538
Gross Rent Multiplier
17.49
Cap Rate
4.67
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