2422 Grand Avenue, Everett, WA 98201
- $725,000
- 2,566
- SqFt
Listing courtesy of COMPASS. Selling Office: Champions Real Estate.
- Sold Price
- $725,000
- List Price
- $799,000
- Status
- SOLD
- MLS#
- 2242249
- Closing Date
- Nov 08, 2024
- Days on Market
- 124
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,566
- Area Total SqFt
- 2566
- Annual Tax Ammount
- 4853.12
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Remarkable investment opportunity! 1910 triplex w 4 bdrms, 3 baths, spans 2566sf on a generous 6098sf lot & presents a steady/stable rental history. All 3 units boasts breathtaking panoramic views of sound & all have been refreshed in recent yrs & feature newer appliances. Its outstanding potential allows for construction of 6 units, up to 4 stories, per city of Everett. Enjoy a fantastic central location, mere moments from restaurants, shops, & the revitalized Everett waterfront area. With the possibility of maintaining current rental income while obtaining permits/plans for a future new complex, this is poised to be a stellar invstmt. Value is in the land, so don’t miss out on this modern, smart investment opportunity in a growing area.
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Additional Information
- List Date
- 2024-07-07 00:00:00
- Community
- Everett
- Net Operating Income
- $45,756
- Gross Adjusted Income
- $51,750
- Gross Scheduled Income
- $59,750
- Total Monthly Income
- $5,375
- Insurance Expenses
- $1,231
- Water/Sewer/Garbage Expenses
- $3,102
- Gross Rent Multiplier
- 6.5
- Total Expenses
- $10,847
- Cap Rate
- 0.05
- Vacancy Rate
- 15
- Total Number of Units
- 3
- Unit Name
- 2422
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- View
- Sound
- Roof
- Built-Up, Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet
- Other Expenses
- 1015
- Energy Source
- Electric, Natural Gas
- School District
- Everett
- Elementary School
- Whittier Elem
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $5,375
- Gross Scheduled Income
- $59,750
- Vacancy Rate
- 15
- Gross Adjusted Income
- $51,750
- Tax Year
- 2023
- Insurance Expense
- $1,231
- W/S/G Expenses
- $3,102
- Total Expenses
- $10,847
- Net Operating Income
- $45,756
- Gross Rent Multiplier
- 6.5
- Cap Rate
- 0.05
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.