3501 Lombard Avenue, Everett, WA 98201

$700,000
3,002
SqFt

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Listing courtesy of Hallmark Realty. Selling Office: Design Realty PRSI Inc.

Sold Price
$700,000
List Price
$788,800
Status
SOLD
MLS#
2127826
Closing Date
Sep 07, 2023
Days on Market
13
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
3,002
Area Total SqFt
3002
Annual Tax Ammount
4448
Lot Size (sq ft)
6,098
Sewer
Sewer Connected

Property Description

Awesome Investment Opportunity Close to Downtown Everett! New 50 year roof for years of maintenance free living. New blinds in upstairs main home. The main home also features a large dining room, conveniently located between the living room and kitchen. Great for entertaining. Real hardwood floors. Gas heating in the main home and downstairs basement apartment. In wall heating in above garage apartment. Ceiling fans in main home and in apartment above garage. Strong tenants all on one year leases make this property a super investment in the up and coming south downtown area of Everett. Close to Broadway Ave with great shopping and many amenities. A short walk to Funko Field... the home of the Everett AquaSox! Come check it out!

Additional Information

List Date
2023-08-25 00:00:00
Community
Downtown
Net Operating Income
$15,897
Gross Adjusted Income
$15,897
Gross Scheduled Income
$21,975
Total Monthly Income
$4,925
Insurance Expenses
$575
Water/Sewer/Garbage Expenses
$1,055
Gross Rent Multiplier
0.31
Total Expenses
$6,078
Cap Rate
3.3
Total Number of Units
3
Unit Name
3501
Potential Terms
Cash Out, Conventional
Year Built
1910
View
Territorial
Roof
Composition
Site Features
RV Parking
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
$4,925
Gross Scheduled Income
$21,975
Gross Adjusted Income
$15,897
Tax Year
2023
Insurance Expense
$575
W/S/G Expenses
$1,055
Total Expenses
$6,078
Net Operating Income
$15,897
Gross Rent Multiplier
0.31
Cap Rate
3.3
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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