2421 62nd Street SE, Everett, WA 98203

$1,125,000
3,120
SqFt

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Listing courtesy of Eleet Properties NW. Selling Office: HomeSmart Real Estate Assoc.

Sold Price
$1,125,000
List Price
$1,150,000
Status
SOLD
MLS#
2231068
Closing Date
Jun 18, 2024
Days on Market
8
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,120
Area Total SqFt
3120
Annual Tax Ammount
6633
Internet Provider
Xfinity
Lot Size (sq ft)
6,970
Sewer
Sewer Connected

Property Description

Great 4 plex in Everett.... each unit comes with 2bed/1/full bath.2 parking spaces, secured mailboxes, covered porches and decks. .Centrally located and well maintained 4plex sits on a quiet dead-end street. Some Interior finishes have been updated in 2 units and 2 other units could be updated to maximize rents in the future. New hot water tanks in each unit, Quick access to I-5, downtown Everett, restaurants, Starbucks, & the Everett AquaSox. Low maintenance grounds.

Additional Information

List Date
2024-06-10 00:00:00
Community
Beverly Park
Net Operating Income
$50,947
Gross Adjusted Income
$70,800
Gross Scheduled Income
$70,800
Total Monthly Income
$5,800
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$4,322
Gross Rent Multiplier
6.3
Total Expenses
$18,653
Cap Rate
4.53
Vacancy Rate
5
Total Number of Units
4
Unit Name
2421
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1977
Roof
Composition
Other Expenses
6498
Energy Source
Electric
School District
Everett
Elementary School
Madison Elem
Middle School
Evergreen Mid
High School
Cascade High
Total Monthly Income
$5,800
Gross Scheduled Income
$70,800
Vacancy Rate
5
Gross Adjusted Income
$70,800
Tax Year
2023
Insurance Expense
$1,200
W/S/G Expenses
$4,322
Total Expenses
$18,653
Net Operating Income
$50,947
Gross Rent Multiplier
6.3
Cap Rate
4.53
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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