4924 Vista Place, Everett, WA 98203

$915,000
2,772
SqFt

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Listing courtesy of Windermere Real Estate M2 LLC. Selling Office: Key and Castle Real Estate.

Sold Price
$915,000
List Price
$950,000
Status
SOLD
MLS#
2300630
Closing Date
Dec 30, 2024
Days on Market
45
Style
52 - Duplex
Building Condition
Fair
Finished SqFt
2,772
Area Total SqFt
2772
Annual Tax Ammount
6995
Lot Size (sq ft)
121,097
Sewer
Septic Tank
Offer Review Date
2024-10-21

Property Description

Investment opportunity in View Ridge. Built in 1954, this duplex has been well cared for, recently updated and sits on over 2.5 acres, two tax parcels included in the sale. One side boasts 3 bedrooms, 2.25 bath which includes the private primary en-suite with fireplace and deck. New LVP flooring in the main living areas, in unit W/D. The other side provides the new owner options. Currently situated as two units; a studio with attached garage and a two bed unit above. Maintain this configuration or restore to a true duplex. Detached garage with shop space provides the opportunity for additional income. Property has six bedrooms, septic system rated at 4 bedrooms.

Additional Information

List Date
2024-11-15 00:00:00
Community
View Ridge
Net Operating Income
$55,801
Gross Adjusted Income
$64,980
Gross Scheduled Income
$68,400
Insurance Expenses
$1,229
Water/Sewer/Garbage Expenses
$900
Gross Rent Multiplier
13.88
Total Expenses
$9,179
Cap Rate
5.9
Vacancy Rate
5
Total Number of Units
2
Unit Name
4924
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1954
Roof
Composition
Site Features
Deck, Fenced-Partially, High Speed Internet, Propane, RV Parking, Shop
Other Expenses
55
Energy Source
Electric
School District
Everett
Gross Scheduled Income
$68,400
Vacancy Rate
5
Gross Adjusted Income
$64,980
Tax Year
2024
Insurance Expense
$1,229
W/S/G Expenses
$900
Total Expenses
$9,179
Net Operating Income
$55,801
Gross Rent Multiplier
13.88
Cap Rate
5.9
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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