5206 S 2nd Avenue, Everett, WA 98203

$650,000

Listing courtesy of Keller Williams Realty Bothell.

List Price
$650,000
Status
PENDING
MLS#
2219558
Days on Market
24
Style
53 - Tri-plex
Lot Size (sq ft)
4,791

Property Description

ATTENTION Owner Occupied or NOO Investors - 6.68% CAP RATE! This is a Commercial Building (Former Hair Salon) with B-2 zoning in the Lowell Neighborhood that is now a Non-Conforming Triplex an FHA ASSUMABLE LOAN w/ 2.75% INTEREST!!! 3 bedroom unit upstairs w/ laundry has been renovated and will be vacant on 4/30 for an immediate opportunity to increase rent/income and owner occupy or choose your tenant! There are two 1 bedroom units on the lower level + shared laundry for those two units. Future use could include your business with great storefront space on ground level and ample parking. Commuters dream with easy access to public transit, I-5, Hwy 9, & Boeing. Just down the street from Lowell Riverfront Trail and Parks!

Additional Information

List Date
2024-04-23 19:01:52
Community
Lowell
Potential Terms
Cash Out, Conventional, FHA
Year Built
1922
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Patio
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,475
Gross Scheduled Income
$53,700
Gross Adjusted Income
$53,700
Tax Year
2023
Insurance Expense
$1,477
W/S/G Expenses
$1,792
Total Expenses
$10,262
Net Operating Income
$43,438
Gross Rent Multiplier
11
Cap Rate
6.68
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