2223 Wetmore Avenue, Everett, WA 98201
- $719,849
- 3,156
- SqFt
Listing courtesy of RE/MAX Metro Realty, Inc.. Selling Office: Opal Blue Real Estate, LLC.
- Sold Price
- $719,849
- List Price
- $799,000
- Status
- SOLD
- MLS#
- 2181165
- Closing Date
- Apr 15, 2024
- Days on Market
- 91
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,156
- Area Total SqFt
- 3156
- Annual Tax Ammount
- 6007
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
Property Description
DO NOT CONTACT TENANTS!!!! 5-plex not on market since 2005 on a charming tree lined street with historic Craftsman style homes in downtown Everett. Long time tenants in several units. Unique layout with main property having 3 units - one per floor, and 2 separate buildings on the back half of property. Plentiful street parking. Perfect opportunity to create a cost segregation potential for anyone looking to upgrade and increase rents. Front building needs paint. Buyer to do own due diligence. Priced well below other nearby 4-6 unit buildings.
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Additional Information
- List Date
- 2024-01-15 00:00:00
- Community
- Everett
- Net Operating Income
- $38,993
- Gross Adjusted Income
- $61,218
- Gross Scheduled Income
- $64,440
- Total Monthly Income
- $5,370
- Insurance Expenses
- $4,458
- Water/Sewer/Garbage Expenses
- $4,560
- Gross Rent Multiplier
- 13.19
- Total Expenses
- $22,225
- Cap Rate
- 4.59
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 2223
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1901
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available
- Electric Expenses
- 480
- Other Expenses
- 6120
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $5,370
- Gross Scheduled Income
- $64,440
- Vacancy Rate
- 5
- Gross Adjusted Income
- $61,218
- Tax Year
- 2023
- Insurance Expense
- $4,458
- W/S/G Expenses
- $4,560
- Total Expenses
- $22,225
- Net Operating Income
- $38,993
- Gross Rent Multiplier
- 13.19
- Cap Rate
- 4.59
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.