1625 Chestnut Street Unit #1-4, Everett, WA 98201
- $1,280,000
- 3,424
- SqFt
Listing courtesy of Real Property Associates. Selling Office: KW North Sound.
- Sold Price
- $1,280,000
- List Price
- $1,285,000
- Status
- SOLD
- MLS#
- 2270542
- Closing Date
- Oct 28, 2024
- Days on Market
- 121
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,424
- Area Total SqFt
- 3424
- Annual Tax Ammount
- 7645
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Instant Cash Opportunity! This 4-plex tucked away on a quiet street next to a new dog park & Jackson Park is a turnkey revenue machine. Built as condo with double walls between units. Brand new roof completed in January 2021, new paint 2023, all units have had full interior paint, lower units have new LVP installed in 2023. Full size Washer/Dryer in each unit. Lower units have enclosed yards (tenant-maintained) while top units have large covered decks. Operating costs stay low as the owner pays garbage, water & sewer but tenants contribute a utility contribution to off set owners expenses. Unit 3 is vacant as of 6/10. But will rent for $2025 with contribution. Beautifully maintained property, turn key and easy to rent.
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Additional Information
- List Date
- 2024-06-29 00:00:00
- Community
- North Everett
- Net Operating Income
- $77,963
- Gross Adjusted Income
- $88,236
- Gross Scheduled Income
- $92,880
- Total Monthly Income
- $7,830
- Insurance Expenses
- $2,112
- Water/Sewer/Garbage Expenses
- $5,160
- Gross Rent Multiplier
- 15
- Total Expenses
- $14,917
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1625
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1985
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Everett High
- Total Monthly Income
- $7,830
- Gross Scheduled Income
- $92,880
- Vacancy Rate
- 5
- Gross Adjusted Income
- $88,236
- Tax Year
- 2024
- Insurance Expense
- $2,112
- W/S/G Expenses
- $5,160
- Total Expenses
- $14,917
- Net Operating Income
- $77,963
- Gross Rent Multiplier
- 15
- Cap Rate
- 5
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.