2004 Valley View Drive, Lake Stevens, WA 98258

$1,300,000
3,776
SqFt

Listing courtesy of Lamb Real Estate.

List Price
$1,300,000
Status
ACTIVE
MLS#
2217448
Days on Market
24
Style
53 - Tri-plex
Finished SqFt
3,776
Lot Size (sq ft)
71,003

Property Description

Welcome to this stunning triplex, nestled on 1.6 acres in the picturesque Snohomish Valley; featuring breathtaking views of the valley & endless sunsets on your wrap-around deck! The main unit boasts two primary en-suites, laundry/mud room, & office, as well as custom features throughout (heated floor tiles, A/C & surveillance setup for added security). Additionally, a lower garage complete with 1/2 bath. The two additional rental units each boast 944 sqft, two-bed, one-bath & their own carports. For tenants' convenience, separate laundry/storage are also provided. With both units already rented, this property offers immediate income potential. Quick access to Hwy 2/9. Rare opportunity to own an investment in the heart of the Lake Stevens!

Additional Information

List Date
2024-04-22 19:01:52
Community
Lake Stevens
Potential Terms
Cash Out, Conventional
Year Built
1976
View
City, Mountain(s), River, Territorial
Roof
Torch Down
Site Features
Cable TV, Deck, High Speed Internet, RV Parking, Shop
School District
Lake Stevens
Elementary School
Skyline Elem
Middle School
Lake Stevens Middle
High School
Lake Stevens Snr Hig
Total Monthly Income
$3,100
Gross Scheduled Income
$5,900
Gross Adjusted Income
$3,100
Tax Year
2023
Insurance Expense
$112
W/S/G Expenses
$90
Total Expenses
$8,226
Net Operating Income
$6,100
Gross Rent Multiplier
220.16
Cap Rate
5.6
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