1105 90th Street SW, Everett, WA 98204

$1,700,000
6,480
SqFt

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Listing courtesy of MacPherson's Real Estate Serv.. Selling Office: Keller Williams Rlty Bellevue.

Sold Price
$1,700,000
List Price
$1,950,000
Status
SOLD
MLS#
2385352
Closing Date
Jul 01, 2025
Days on Market
13
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
6,480
Area Total SqFt
6480
Annual Tax Ammount
14886
Lot Size (sq ft)
24,120
Sewer
Sewer Connected
Offer Review Date
2025-06-09

Property Description

The Shannon Condos are a fully rented 6 plex - 3 sets of two-story duplex style investment properties on a dead end street, located perfectly in Everett close to Boeing and Freeway access. Each unit has its own garage, W/D, lots of off-street parking and nice grounds. Fully rented and ready for next investor to reap the benefits of such a great addition to any portfolio. Property was converted to condo with CCRS in 2006, but being sold all together as 6 parcels. Great price per door for area at just $325k per unit - better than you could do anywhere else for a 1080 sf, 2 bed 1.5 unit. Mini splits in the unit provide AC/ and deeded, fenced yards on each unit make them feel like a home.

Additional Information

List Date
2025-06-18 00:00:00
Community
Casino
Net Operating Income
$115,074
Gross Adjusted Income
$139,560
Gross Scheduled Income
$139,560
Total Monthly Income
$11,630
Insurance Expenses
$3,600
Water/Sewer/Garbage Expenses
$6,000
Gross Rent Multiplier
13.97
Total Expenses
$24,486
Cap Rate
5.9
Total Number of Units
6
Unit Name
1105
Potential Terms
Cash Out, Conventional
Year Built
1978
Roof
Composition
Energy Source
Electric
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$11,630
Gross Scheduled Income
$139,560
Gross Adjusted Income
$139,560
Tax Year
2024
Insurance Expense
$3,600
W/S/G Expenses
$6,000
Total Expenses
$24,486
Net Operating Income
$115,074
Gross Rent Multiplier
13.97
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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