3816 Wetmore Avenue Unit #1-4, Everett, WA 98201
- $1,200,000
- 4,032
- SqFt
Listing courtesy of Windermere Real Estate M2 LLC. Selling Office: Realogics Sotheby's Int'l Rlty.
- Sold Price
- $1,200,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 2199533
- Closing Date
- Mar 13, 2024
- Days on Market
- 5
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,032
- Area Total SqFt
- 4032
- Annual Tax Ammount
- 7744
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Centrally located and well maintained 4plex sits on a quiet dead-end street with many single-family residential homes. Long term tenants with below market rents provide an opportunity to immediately increase cashflow. Interior finishes could be updated to maximize rents in the future. The 4 side-by-side townhouse style units have nice layouts. Each unit has a main floor with spacious living room, powder bath, dining room & kitchen with glass slider to a fenced in yard/patio. Upstairs each unit has 2 bedrooms, full bath, and in-unit laundry. The building has updated windows & newer roof. Quick access to I-5, downtown, restaurants, Starbucks, & the Everett Aquasox. Ample parking in front and back. Low maintenance grounds.
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Additional Information
- List Date
- 2024-03-08 00:00:00
- Community
- Everett
- Net Operating Income
- $60,987
- Gross Adjusted Income
- $75,600
- Gross Scheduled Income
- $75,600
- Total Monthly Income
- $6,300
- Insurance Expenses
- $2,074
- Water/Sewer/Garbage Expenses
- $4,795
- Gross Rent Multiplier
- 15.87
- Total Expenses
- $14,613
- Cap Rate
- 5.08
- Total Number of Units
- 4
- Unit Name
- 3816
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Fenced-Fully, Patio
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $6,300
- Gross Scheduled Income
- $75,600
- Gross Adjusted Income
- $75,600
- Tax Year
- 2023
- Insurance Expense
- $2,074
- W/S/G Expenses
- $4,795
- Total Expenses
- $14,613
- Net Operating Income
- $60,987
- Gross Rent Multiplier
- 15.87
- Cap Rate
- 5.08
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.