2519 Madison Street Unit #1 & 2, Everett, WA 98203

$640,000
2,080
SqFt

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Listing courtesy of Sagareus Real Estate. Selling Office: Sagareus Real Estate.

Sold Price
$640,000
List Price
$660,000
Status
SOLD
MLS#
2192439
Closing Date
Apr 08, 2024
Days on Market
25
Style
52 - Duplex
Building Condition
Fair
Finished SqFt
2,080
Area Total SqFt
2080
Annual Tax Ammount
4986
Lot Size (sq ft)
7,841
Sewer
Sewer Connected

Property Description

Well maintained Duplex nestled on quiet dead end street; Zoning: R-3 Multiple Family Medium Density. Each unit is a one-level floorplan & very well maintained. Unit #2 in pictures features 1,020 sq ft, 3 bedrooms (2 bedrooms plus den), 1 full bathroom, wood burning fireplace, large living room, full kitchen, dining area, laundry room, 2-off street parking spaces and it's own private yard. Upper Unit 1 includes stunning custom maple kitchen cabinets. Lower Unit 2 has new fully updated kitchen, newer paint and carpet. Great Condition ~ Great Investment

Additional Information

List Date
2024-03-14 00:00:00
Community
Everett
Net Operating Income
$33,660
Gross Adjusted Income
$42,294
Gross Scheduled Income
$44,520
Total Monthly Income
$3,710
Insurance Expenses
$200
Water/Sewer/Garbage Expenses
$3,343
Gross Rent Multiplier
14.8
Total Expenses
$8,633
Cap Rate
5.1
Vacancy Rate
5
Total Number of Units
2
Unit Name
2519
Potential Terms
Cash Out, Conventional, FHA, State Bond, VA Loan
Year Built
1960
Roof
Composition
Site Features
Cable TV, Fenced-Fully, Outbuildings, Patio
Electric Expenses
104
Energy Source
Electric
School District
Everett
Total Monthly Income
$3,710
Gross Scheduled Income
$44,520
Vacancy Rate
5
Gross Adjusted Income
$42,294
Tax Year
2023
Insurance Expense
$200
W/S/G Expenses
$3,343
Total Expenses
$8,633
Net Operating Income
$33,660
Gross Rent Multiplier
14.8
Cap Rate
5.1
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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