1705 Lombard Avenue, Everett, WA 98201

$825,000
2,350
SqFt

Listing courtesy of 5 Corners Realty LLC.

List Price
$825,000
Status
ACTIVE
MLS#
2235781
Days on Market
30
Style
54 - 4-Plex
Finished SqFt
2,350
Lot Size (sq ft)
6,098

Property Description

Great investment opportunity just for you in desirable historic location of Everett. Close to all amenities. Many possibilities! Live in one unit and Rent out the others or have Continuous Cash Flow & Equity! 1705 and 1705.5 are in the main house and both remodeled and have double pane windows. However one is currently vacant and need a lot of love. 1707 is the Yellow MIL Cottage and is remodel and occupied. 1707.5 is the grey MIL cottage. Three units are occupied with long term leases. Washer and Dryer hook-ups. All kitchen appliances stay in units.

Additional Information

List Date
2024-05-19 18:14:09
Community
Everett
Potential Terms
Cash Out, Conventional
Year Built
1910
View
Territorial
Roof
Composition
Site Features
Fenced-Partially
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,605
Gross Scheduled Income
$65,100
Vacancy Rate
25
Gross Adjusted Income
$45,900
Tax Year
2021
Insurance Expense
$1,200
Total Expenses
$4,200
Net Operating Income
$41,700
Gross Rent Multiplier
7.5
Cap Rate
5.1
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