3113 Oakes Avenue, Everett, WA 98201
- $690,000
- 2,180
- SqFt
Listing courtesy of COMPASS. Selling Office: KW Realty Portland Central.
- Sold Price
- $690,000
- List Price
- $699,000
- Status
- SOLD
- MLS#
- 2311919
- Closing Date
- May 23, 2025
- Days on Market
- 216
- Style
- 52 - Duplex
- Finished SqFt
- 2,180
- Area Total SqFt
- 2180
- Annual Tax Ammount
- 4930
- Lot Size (sq ft)
- 3,049
- Sewer
- Sewer Connected
Property Description
Expertly transformed into a high-performance investment property, 3113 Oakes has been fully renovated, including new plumbing, electrical systems, windows, insulation, cabinets, flooring, appliances and more. All of the work has been done for you, and low maintenance, rental-friendly, finishes mean you can rent from the day you close. Main floor unit is 2 bed/1 bath with territorial and mountain view deck, upstairs is 3 bed/1 bath with views. Six off-street parking spaces and two spacious storage units are bonuses for tenants or potential additional income. Long-term rental estimates approx. $60k/yr and short-term rental estimated at $84k for both units. Future development opportunities with Mixed Urban zoning, allowing up to 25 stories.
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Additional Information
- List Date
- 2024-10-19 00:00:00
- Community
- Everett
- Net Operating Income
- $47,608
- Gross Adjusted Income
- $61,200
- Gross Scheduled Income
- $61,200
- Total Monthly Income
- $5,100
- Insurance Expenses
- $1,164
- Water/Sewer/Garbage Expenses
- $1,466
- Gross Rent Multiplier
- 12.09
- Total Expenses
- $13,592
- Cap Rate
- 6.8100000000000005
- Total Number of Units
- 3
- Unit Name
- 3113
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1901
- View
- Mountain(s), River, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio, RV Parking
- Electric Expenses
- 3416
- Other Expenses
- 2456
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Jackson Elem
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $5,100
- Gross Scheduled Income
- $61,200
- Gross Adjusted Income
- $61,200
- Tax Year
- 2024
- Insurance Expense
- $1,164
- W/S/G Expenses
- $1,466
- Total Expenses
- $13,592
- Net Operating Income
- $47,608
- Gross Rent Multiplier
- 12.09
- Cap Rate
- 6.8100000000000005
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.