1123 Wetmore Avenue, Everett, WA 98201

$645,000
3,254
SqFt

Listing courtesy of The Griffin, Inc.. Selling Office: Windermere Real Estate Central.

Sold Price
$645,000
List Price
$649,950
Status
SOLD
MLS#
1956302
Closing Date
Aug 09, 2022
Days on Market
12
Style
52 - Duplex
Finished SqFt
3,254
Area Total SqFt
3254
Annual Tax Ammount
5414
Lot Size (sq ft)
6,098
Sewer
Sewer Connected

Property Description

This great investment property generates over $50k in rent each year. Duplex/Triplex that has 6 bedrooms and 3 baths on 3 floors. Lots of outdoor space, each floor includes a deck or patio. Large windows bring in great sunlight and show off mountain views. Each unit has an additional 40 sq. ft. storage unit in basement. There is also a larger 200+ sq. ft. storage area available for owner use or to generate additional income. Located in an excellent, friendly neighborhood near great schools (Whittier, EvCC) and medical facilities. Each unit has one off street parking in the back alley. Shared free laundry on site. New roof 5 years ago and sewer/plumbing was replaced on ground floor.

Additional Information

List Date
2022-07-28 00:00:00
Community
Everett
Net Operating Income
$33,786
Gross Adjusted Income
$47,600
Gross Scheduled Income
$48,600
Total Monthly Income
$4,357
Insurance Expenses
$1,372
Water/Sewer/Garbage Expenses
$3,107
Gross Rent Multiplier
14.9
Total Expenses
$13,814
Cap Rate
4.7
Vacancy Rate
3
Total Number of Units
3
Unit Name
1123
Potential Terms
Conventional
Year Built
1924
View
Mountain(s), Territorial
Roof
Composition
Site Features
Cable TV, Deck, Gas Available
Electric Expenses
2607
Energy Source
Electric, Natural Gas
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,357
Gross Scheduled Income
$48,600
Vacancy Rate
3
Gross Adjusted Income
$47,600
Tax Year
2021
Insurance Expense
$1,372
W/S/G Expenses
$3,107
Total Expenses
$13,814
Net Operating Income
$33,786
Gross Rent Multiplier
14.9
Cap Rate
4.7
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