2220 99th Avenue SE, Lake Stevens, WA 98258

$825,000
2,872
SqFt

Listing courtesy of Realty One Group Orca.

List Price
$825,000
Status
PENDING
MLS#
2214647
Days on Market
11
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,872
Lot Size (sq ft)
18,295

Property Description

Fantastic investment opportunity in Lake Stevens. Conveniently located in a desirable neighborhood near Costco, this duplex offers easy access to HWY 9 and I-5, amenities, schools, parks, shopping, and the lake. This duplex is situated on almost a half acre, each unit is 1,436 sq ft with 3 bedrooms and 2.5 baths. Current leases end June 30th, both long-term tenants desire to stay if possible. Don't miss your chance to own this exceptional property. No Signage. DO NOT DISBURB TENANTS! Showings by appointment and mutual Purchase and Sale Agreement.

Additional Information

List Date
2024-04-12 22:12:09
Community
Lake Stevens
Potential Terms
Cash Out, Conventional, FHA
Year Built
2007
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Propane
School District
Lake Stevens
Gross Scheduled Income
$40,248
Vacancy Rate
100
Gross Adjusted Income
$40,248
Tax Year
2023
Insurance Expense
$1,500
Total Expenses
$14,443
Net Operating Income
$25,805
Gross Rent Multiplier
20.49
Cap Rate
3.12
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