227 Dorn Avenue Unit #1-6, Everett, WA 98208

$2,000,000
6,740
SqFt

Listing courtesy of eXp Realty.

List Price
$2,000,000
Status
ACTIVE
MLS#
2221999
Days on Market
2
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
6,740
Lot Size (sq ft)
12,632

Property Description

Introducing a well maintained six-unit complex comprising a fourplex and a duplex. Very large townhouse-style units, each spanning over 1100 sq ft, offering 2 beds, 1.5 baths, a laundry room, small backyard, and balcony (plus decks for the fourplex). Assigned surface parking for tenants and guest parking onsite. Currently leased below market to long-term tenants, promising easy maintenance and potential rental income growth. Conveniently located near Evergreen Way, with easy access to freeways, shopping, schools, and public transit. Recent upgrades include water main (2022) and roof (2016) replacements, plus unit updates such as new flooring, paint, appliances. GSR after rent increase. Seller is a licensed real estate broker in WA.

Additional Information

List Date
2024-05-14 18:58:40
Community
Beverly Park
Potential Terms
Cash Out, Conventional
Year Built
1978
Roof
Cedar Shake
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$10,125
Gross Scheduled Income
$129,600
Vacancy Rate
5
Gross Adjusted Income
$123,120
Tax Year
2023
Insurance Expense
$5,594
W/S/G Expenses
$8,650
Total Expenses
$28,061
Net Operating Income
$101,539
Gross Rent Multiplier
15.4
Cap Rate
5
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