2120 Madison Street, Everett, WA 98203

$730,000
2,572
SqFt

Listing courtesy of Specialty Real Estate Group. Selling Office: Skyline Properties, Inc..

Sold Price
$730,000
List Price
$750,000
Status
SOLD
MLS#
2218824
Closing Date
May 16, 2024
Days on Market
12
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,572
Lot Size (sq ft)
9,148

Property Description

Investor alert 6.6% CAP! 3 homes for the price of 1 in Central Everett's Pinehurst-Beverly Park. Duplex with 1st floor (1010 sf) and 2nd floor (824 sf) and a detached cottage (660 sf). 2 bed 1 bath each. B1 zoning with potential for future redevelopment. Low maintenance property with recent updates including hard surface flooring and refinished cabinets. Stately corner lot with lawn and amenity space for all residents. Spacious driveway with ample off-street parking. Easy access to freeways, shopping, recreation, Boeing and DT Everett. Full due diligence package including home inspection, sewer scope, financial history, leases, Matterport tours of all units available.

Additional Information

List Date
2024-05-04 00:00:00
Community
Pinehurst
Potential Terms
Cash Out, Conventional
Year Built
1922
View
Territorial
Roof
Composition
Site Features
Fenced-Partially, Patio
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,365
Gross Scheduled Income
$64,380
Vacancy Rate
4
Gross Adjusted Income
$61,805
Tax Year
2024
Insurance Expense
$1,728
W/S/G Expenses
$2,651
Total Expenses
$12,317
Net Operating Income
$49,488
Gross Rent Multiplier
11.65
Cap Rate
6.6
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