16425 Broadway Avenue, Snohomish, WA 98296

$799,950
2,230
SqFt

Listing courtesy of Real Property Associates.

List Price
$799,950
Status
ACTIVE
MLS#
2209347
Days on Market
10
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,230
Lot Size (sq ft)
10,454

Property Description

Welcome to this exceptional commercial property zoned R-5 RB for both business and residential use sitting on an expansive 10, 454 sq/ft corner lot. This well-established duplex w/ great cash flow opportunities. Situated conveniently close to major highways including 9, 522, and 405, its prime location ensures ease of access and high demand for rental units. The commercial zoning opens up exciting possibilities for increasing the property's value. Furthermore, its proximity to abandoned RR tracks earmarked for future trail development adds another layer of potential appreciation. Both units of this property offer spacious layouts featuring 2 bedrooms and 1 bathroom each, complemented by generously sized living rooms complete w/ fireplaces.

Additional Information

List Date
2024-05-13 18:32:09
Community
Maltby
Potential Terms
Cash Out, Conventional
Year Built
1922
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking
School District
Snohomish
Elementary School
Cathcart Elem
Middle School
Valley View Mid
High School
Glacier Peak
Total Monthly Income
$50,400
Gross Scheduled Income
$50,400
Vacancy Rate
3
Gross Adjusted Income
$50,400
Tax Year
2023
Insurance Expense
$1,269
Total Expenses
$6,805
Net Operating Income
$43,594
Gross Rent Multiplier
15.8
Cap Rate
5.46
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