2505 103rd Street SW, Everett, WA 98204
- $1,045,000
- 6,120
- SqFt
Listing courtesy of Real Property Associates. Selling Office: Real Property Associates.
- Sold Price
- $1,045,000
- List Price
- $960,000
- Status
- SOLD
- MLS#
- 2209559
- Closing Date
- Jun 28, 2024
- Days on Market
- 8
- Style
- 55 - 5-9 Units
- Building Condition
- Fair
- Finished SqFt
- 6,120
- Area Total SqFt
- 6120
- Annual Tax Ammount
- 8794
- Lot Size (sq ft)
- 30,056
- Sewer
- Septic Tank
- Offer Review Date
- 2024-04-10
Property Description
Multi-family property totaling 8 units -- in two buildings -- on a 0.69 acre site close to Boeing and Paine Field. 6 units are 2 BR, 1 BA. 2 units are 3BR, 1 BA. All units' rents are currently significantly under market rate. The improvements were built in 1967 and are in fair/average condition. Current occupancy is 100%. All tenants are month-to-month. Close to amenities, parks, and public transportation.
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Additional Information
- List Date
- 2024-06-20 00:00:00
- Community
- Everett
- Net Operating Income
- $72,000
- Gross Adjusted Income
- $72,000
- Gross Scheduled Income
- $72,000
- Total Monthly Income
- $6,000
- Insurance Expenses
- $2,500
- Water/Sewer/Garbage Expenses
- $2,000
- Gross Rent Multiplier
- 0.27
- Total Expenses
- $19,414
- Cap Rate
- 3.7
- Total Number of Units
- 8
- Unit Name
- 2505
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- Roof
- Flat, Torch Down
- Electric Expenses
- 120
- Other Expenses
- 6000
- Energy Source
- Electric
- School District
- Mukilteo
- Elementary School
- Challenger Elem
- Middle School
- Explorer Mid
- High School
- Mariner High
- Total Monthly Income
- $6,000
- Gross Scheduled Income
- $72,000
- Gross Adjusted Income
- $72,000
- Tax Year
- 2023
- Insurance Expense
- $2,500
- W/S/G Expenses
- $2,000
- Total Expenses
- $19,414
- Net Operating Income
- $72,000
- Gross Rent Multiplier
- 0.27
- Cap Rate
- 3.7
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.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.