13413 Meadow Road, Everett, WA 98208

$1,050,000
2,586
SqFt

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Listing courtesy of Real Property Associates. Selling Office: Skyline Properties, Inc..

Sold Price
$1,050,000
List Price
$959,950
Status
SOLD
MLS#
2215678
Closing Date
Apr 11, 2024
Days on Market
5
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,586
Area Total SqFt
2586
Annual Tax Ammount
7057
Lot Size (sq ft)
12,197
Sewer
Sewer Connected
Offer Review Date
2024-04-01

Property Description

Constructed in 2011 by an accomplished builder as a personal investment and meticulously maintained ever since, this turn-key, townhome-style duplex is a tremendous investment opportunity. Separated only by a garage party wall, these highly desirable mirror image units each feature 3 beds, 2.5 baths, 1293 sq ft & an oversized 2-car garage. The primary bedroom lives spaciously with vaulted ceilings, a full bath, and a double closet. Private lot with ample parking and a large yard. Located close to I-5 and just a short drive to Mill Creek, Paine Field, Marth Lake Park, and more. Great opportunity for an owner-occupant as well - live in one unit and rent the other or complete a condo overlay to create 2 distinct units? Don't miss out!

Additional Information

List Date
2024-04-06 00:00:00
Community
Martha Lake
Net Operating Income
$54,223
Gross Adjusted Income
$64,980
Gross Scheduled Income
$68,400
Total Monthly Income
$5,700
Insurance Expenses
$1,200
Gross Rent Multiplier
14.03
Total Expenses
$10,757
Cap Rate
5.6
Vacancy Rate
5
Total Number of Units
2
Unit Name
13413
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
2011
Roof
Composition
Site Features
Deck, Fenced-Partially
Other Expenses
2500
Energy Source
Electric
School District
Mukilteo
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,700
Gross Scheduled Income
$68,400
Vacancy Rate
5
Gross Adjusted Income
$64,980
Tax Year
2024
Insurance Expense
$1,200
Total Expenses
$10,757
Net Operating Income
$54,223
Gross Rent Multiplier
14.03
Cap Rate
5.6
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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