53 Cedar Avenue, Snohomish, WA 98290
- $1,475,000
- 4,951
- SqFt
Listing courtesy of Windermere R.E. Northeast, Inc. Selling Office: John L. Scott Snohomish.
- Sold Price
- $1,475,000
- List Price
- $1,475,000
- Status
- SOLD
- MLS#
- 2137582
- Closing Date
- Sep 01, 2023
- Days on Market
- 14
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Finished SqFt
- 4,951
- Area Total SqFt
- 4951
- Annual Tax Ammount
- 7000
- Lot Size (sq ft)
- 15,246
- Sewer
- Sewer Connected
Property Description
Premier multi-family investment property – rare opportunity to own 6 rental units in the heart of downtown Snohomish. Nestled at the end of a quiet cul-de-sac this unique property features 4 separate structures: 1 historic single-family home, 2 duplexes & 1 cottage. Vintage residence boasts period details including fir floors & old-world millwork coupled w/modern upgrades including new composition roof. Park-like property offers river views from most units, private garden areas & separate electrical meters. This fully rented site offers steady income w/HDR zoning providing additional future development potential. Incredible location just off 1st Street, only blocks to vibrant shopping/dining, riverfront trail, w/convenient access to Hwy-9.
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Additional Information
- List Date
- 2023-08-18 00:00:00
- Community
- In Town - Snohomish
- Net Operating Income
- $67,783
- Gross Adjusted Income
- $85,800
- Gross Scheduled Income
- $85,800
- Total Monthly Income
- $7,150
- Insurance Expenses
- $1,797
- Water/Sewer/Garbage Expenses
- $7,890
- Gross Rent Multiplier
- 17.19
- Total Expenses
- $18,018
- Cap Rate
- 4.6
- Total Number of Units
- 6
- Unit Name
- 53
- Potential Terms
- Cash Out
- Year Built
- 1900
- View
- Partial, River, Territorial
- Roof
- Composition, Flat, Torch Down
- Site Features
- Cable TV, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 107
- Other Expenses
- 1224
- Energy Source
- Electric, Natural Gas
- School District
- Snohomish
- Elementary School
- Emerson Elem
- Middle School
- Centennial Mid
- High School
- Snohomish High
- Total Monthly Income
- $7,150
- Gross Scheduled Income
- $85,800
- Gross Adjusted Income
- $85,800
- Tax Year
- 2023
- Insurance Expense
- $1,797
- W/S/G Expenses
- $7,890
- Total Expenses
- $18,018
- Net Operating Income
- $67,783
- Gross Rent Multiplier
- 17.19
- Cap Rate
- 4.6
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.