7701 Timber Hill Drive, Everett, WA 98203

$1,075,000
3,837
SqFt

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Listing courtesy of The Preview Group. Selling Office: eXp Realty.

Sold Price
$1,075,000
List Price
$995,000
Status
SOLD
MLS#
2142543
Closing Date
Sep 08, 2023
Days on Market
8
Style
54 - 4-Plex
Finished SqFt
3,837
Area Total SqFt
3837
Annual Tax Ammount
6358
Lot Size (sq ft)
14,810
Sewer
Sewer Connected
Offer Review Date
2023-08-08

Property Description

Presenting an elegant 4-plex in the tranquil Valley View neighborhood. It offers two rambler units and two townhouse units, each with spacious kitchen, dining area, and living room. Two large bedrooms and a full bathroom provide ample comfort. Carport for four cars, additional off-street parking, and shared laundry room on-site. New roof in 2023, new windows in 2020. Close to downtown Everett, Everett Mall, parks, and restaurants. Easy access to Broadway and I-5. A perfect blend of charm, convenience, and upgrades. Don't miss this captivating opportunity!

Additional Information

List Date
2023-08-31 00:00:00
Community
Valley View
Net Operating Income
$69,530
Gross Adjusted Income
$84,041
Gross Scheduled Income
$86,640
Total Monthly Income
$7,320
Insurance Expenses
$1,403
Water/Sewer/Garbage Expenses
$3,767
Gross Rent Multiplier
11.5
Total Expenses
$14,511
Cap Rate
7
Vacancy Rate
3
Total Number of Units
4
Unit Name
7701
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1969
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet
Electric Expenses
487
Other Expenses
2496
Energy Source
Electric
School District
Everett
Total Monthly Income
$7,320
Gross Scheduled Income
$86,640
Vacancy Rate
3
Gross Adjusted Income
$84,041
Tax Year
2023
Insurance Expense
$1,403
W/S/G Expenses
$3,767
Total Expenses
$14,511
Net Operating Income
$69,530
Gross Rent Multiplier
11.5
Cap Rate
7
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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