305 6TH STREET, Snohomish, WA 98290
- $1,250,000
- 2,966
- SqFt
Listing courtesy of FIRST AND MAIN. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,250,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2334415
- Closing Date
- Mar 19, 2025
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 2,966
- Area Total SqFt
- 2966
- Annual Tax Ammount
- 8556
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-02-27
Property Description
[GREAT INVESTMENT OPPORTUNITY] Ideal downtown Snohomish location within walking distance to Snohomish Aquatic Center, Centennial Trail, Pilchuck River, Shopping, Schools, Parks & bus line. Each unit has a spacious 2-BEDROOM, 2-BATH layout with primary en-suite and open-concept living. In-unit washer & dryer + ample off-street parking. [ALWAYS RENTED & RENTS CURRENTLY WELL BELOW MARKET VALUE] Perfect for both traditional investors & owner-occupants, this versatile property offers the unique option to live in one unit while generating rental income OR for investors seeking a reliable income stream. Outstanding opportunity to acquire a well-positioned multi-family asset with strong growth potential. [WHERE SMART LIVING MEETS SMARTER INVESTING]
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Additional Information
- List Date
- 2025-03-12 00:00:00
- Community
- In Town - Snohomish
- Net Operating Income
- $44,633
- Gross Adjusted Income
- $61,400
- Gross Scheduled Income
- $61,400
- Total Monthly Income
- $5,100
- Insurance Expenses
- $1,641
- Water/Sewer/Garbage Expenses
- $4,970
- Total Expenses
- $16,767
- Cap Rate
- 3.6
- Total Number of Units
- 4
- Unit Name
- 305
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1994
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Other Expenses
- 1600
- Energy Source
- Electric
- School District
- Snohomish
- Elementary School
- Emerson Elem
- Middle School
- Centennial Mid
- High School
- Snohomish High
- Total Monthly Income
- $5,100
- Gross Scheduled Income
- $61,400
- Gross Adjusted Income
- $61,400
- Tax Year
- 2024
- Insurance Expense
- $1,641
- W/S/G Expenses
- $4,970
- Total Expenses
- $16,767
- Net Operating Income
- $44,633
- Cap Rate
- 3.6
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.