7820 64th St SE, Snohomish, WA 98290

$879,950
2,940
SqFt

Listing courtesy of John L. Scott Lake Stevens.

List Price
$879,950
Status
ACTIVE
MLS#
1663170
Days on Market
11
Style
54 - 4-Plex
Building Condition
['Fair']
Finished SqFt
2,940
Lot Size (sq ft)
46,609

Property Description

Rare Multi-family 4-plex investment property in the desirable Fobes Hill area of beautiful Snohomish. Fully rented 4-plex sits on over an acre w/plenty of room for a shop, expanded parking, etc. Each unit is 2 bed, 1 bath w/ it's own private fenced backyard. These units are in high demand & typically rent very quickly. Very private, rural setting amongst high end single family homes that renters love! Perfect location near I-5, Hwy 2, Hwy 9, etc. A little elbow grease will create a cash cow!

Additional Information

List Date
2020-09-15 00:00:00
Community
Fobes Hill
Property Type
MULT
Units
4
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1967
Total Parking
10
Uncovered Parking
10
View
Territorial
Exterior
Wood
Roof
Flat, Torch Down
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking
Lot Details
Secluded
School District
Snohomish
Elementary School
Riverview Elem
Middle School
Centennial Mid
High School
Snohomish High
Total Monthly Income
$4,000
Gross Scheduled Income
$98,000
Gross Adjusted Income
$48,000
Annual Taxes
$4,662
Tax Year
2019
Insurance Expense
$2,196
W/S/G Expenses
$3,660
Total Expenses
$13,368
Net Operating Income
$34,632
Gross Rent Multiplier
21975
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
735
Unit 1 Rent
$950
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
735
Unit 2 Rent
$950
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
735
Unit 3 Rent
$1,000
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
735
Unit 4 Rent
$1,100
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