322 Avenue A, Snohomish, WA 98290
- $1,150,000
- 2,492
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue. Selling Office: Windermere R.E. Shoreline.
- Sold Price
- $1,150,000
- List Price
- $1,195,000
- Status
- SOLD
- MLS#
- 2168143
- Closing Date
- Dec 08, 2023
- Days on Market
- 20
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,492
- Area Total SqFt
- 2492
- Annual Tax Ammount
- 4354
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,840
- Sewer
- Sewer Connected
Property Description
~~ INVESTOR ALERT ~~ Beautiful 4-plex located in the HEART of Historic Snohomish! Minutes to quaint downtown Snohomish filled with restaurants, coffee shops, antique shops & walking trails. Tenants enjoy walks to the River and all the fantastic amenities of desirable Snohomish! 4 established apartments, with interior common area stairs and coin-op laundry room. Each unit has an assigned private parking space, with additional street parking. This large lot offers a big back-yard with space for entertaining, summer BBQ's and gardening. Fully rented with historically quick turnover rate, these units are never vacant and always in high demand! Excellent potential for instant investment income in this solid complex at over 5% CAP RATE.
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Additional Information
- List Date
- 2023-11-18 00:00:00
- Community
- Historic
- Net Operating Income
- $56,050
- Gross Adjusted Income
- $69,480
- Gross Scheduled Income
- $69,480
- Total Monthly Income
- $5,890
- Insurance Expenses
- $1,074
- Water/Sewer/Garbage Expenses
- $3,892
- Gross Rent Multiplier
- 17
- Total Expenses
- $13,430
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 322
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1890
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Outbuildings
- Electric Expenses
- 426
- Other Expenses
- 965
- Energy Source
- Electric, Natural Gas
- School District
- Snohomish
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,890
- Gross Scheduled Income
- $69,480
- Vacancy Rate
- 5
- Gross Adjusted Income
- $69,480
- Tax Year
- 2023
- Insurance Expense
- $1,074
- W/S/G Expenses
- $3,892
- Total Expenses
- $13,430
- Net Operating Income
- $56,050
- Gross Rent Multiplier
- 17
- Cap Rate
- 5
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.