5206 S 2nd Avenue, Everett, WA 98203
- $657,500
Listing courtesy of Keller Williams Realty Bothell. Selling Office: John L. Scott Snohomish.
- Sold Price
- $657,500
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 2219558
- Closing Date
- May 22, 2024
- Days on Market
- 21
- Style
- 53 - Tri-plex
- Annual Tax Ammount
- 4299
- Lot Size (sq ft)
- 4,791
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-04-11
Property Description
ATTENTION Owner Occupied or NOO Investors - 6.68% CAP RATE! This is a Commercial Building (Former Hair Salon) with B-2 zoning in the Lowell Neighborhood that is now a Non-Conforming Triplex an FHA ASSUMABLE LOAN w/ 2.75% INTEREST!!! 3 bedroom unit upstairs w/ laundry has been renovated and will be vacant on 4/30 for an immediate opportunity to increase rent/income and owner occupy or choose your tenant! There are two 1 bedroom units on the lower level + shared laundry for those two units. Future use could include your business with great storefront space on ground level and ample parking. Commuters dream with easy access to public transit, I-5, Hwy 9, & Boeing. Just down the street from Lowell Riverfront Trail and Parks!
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Additional Information
- List Date
- 2024-05-01 00:00:00
- Community
- Lowell
- Net Operating Income
- $43,438
- Gross Adjusted Income
- $53,700
- Gross Scheduled Income
- $53,700
- Total Monthly Income
- $4,475
- Insurance Expenses
- $1,477
- Water/Sewer/Garbage Expenses
- $1,792
- Gross Rent Multiplier
- 11
- Total Expenses
- $10,262
- Cap Rate
- 6.68
- Total Number of Units
- 3
- Unit Name
- 5206
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1922
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Electric Expenses
- 1894
- Other Expenses
- 800
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,475
- Gross Scheduled Income
- $53,700
- Gross Adjusted Income
- $53,700
- Tax Year
- 2023
- Insurance Expense
- $1,477
- W/S/G Expenses
- $1,792
- Total Expenses
- $10,262
- Net Operating Income
- $43,438
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.68
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.