522 Russell Road, Snohomish, WA 98290
- $665,000
- 1,976
- SqFt
Listing courtesy of Waterstone Properties. Selling Office: Kelly Right RE of Seattle LLC.
- Sold Price
- $665,000
- List Price
- $715,000
- Status
- SOLD
- MLS#
- 2288101
- Closing Date
- Oct 21, 2024
- Days on Market
- 53
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,976
- Area Total SqFt
- 1976
- Annual Tax Ammount
- 5285
- Lot Size (sq ft)
- 11,761
- Sewer
- Septic Tank
Property Description
Investor Alert 7% Proforma Cap Rate! Rare side-by-side duplex is available just outside Lake Stevens in desirable Machias, a high-demand rental market with a very low 1.6% vacancy rate! Each unit has 2 bed / 1 bath and covered parking. Spacious kitchens and expansive living room with large windows with ample light. One unit is like new: new kitchen and bathroom, flooring, paint, millwork, and fixtures. New roof in 2022. Recently pumped septic. Enjoy the fenced-in backyard and quiet country living with views of a horse arena. Conveniently located near the lake, schools, shopping, highway, Centennial Trail, and within walking distance to the Pilchuck River.
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Additional Information
- List Date
- 2024-08-29 00:00:00
- Community
- Machias
- Net Operating Income
- $42,565
- Gross Adjusted Income
- $53,160
- Gross Scheduled Income
- $53,160
- Total Monthly Income
- $4,430
- Insurance Expenses
- $4,350
- Water/Sewer/Garbage Expenses
- $960
- Gross Rent Multiplier
- 13.45
- Total Expenses
- $10,595
- Cap Rate
- 5.95
- Total Number of Units
- 2
- Unit Name
- 522
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1968
- Roof
- Composition
- Site Features
- Fenced-Fully, Outbuildings
- Energy Source
- Electric
- School District
- Snohomish
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,430
- Gross Scheduled Income
- $53,160
- Gross Adjusted Income
- $53,160
- Tax Year
- 2024
- Insurance Expense
- $4,350
- W/S/G Expenses
- $960
- Total Expenses
- $10,595
- Net Operating Income
- $42,565
- Gross Rent Multiplier
- 13.45
- Cap Rate
- 5.95
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.