9020 9th Place SE, Lake Stevens, WA 98258

$870,000
2,870
SqFt

Listing courtesy of KW North Sound. Selling Office: eXp Realty.

Sold Price
$870,000
List Price
$880,000
Status
SOLD
MLS#
2182857
Closing Date
Jan 17, 2024
Days on Market
15
Style
52 - Duplex
Finished SqFt
2,870
Area Total SqFt
2870
Annual Tax Ammount
7310
Lot Size (sq ft)
13,068
Sewer
Sewer Connected

Property Description

This is the perfect house-hack owner occupied opportunity duplex. This property features a large 4 bedroom home on one side and a rambler on the other side. This is a fantastic opportunity to start your investment journey! 2 story side remodeled in 2019 w/new electrical, plumbing, roof & gutters (both sides). Single story side updated in 2022 w/paint, flooring, appliances, doors, hot water tank, baseboards, & counters. Each unit has 1 car garage. RV parking w/full hookup. All appliances stay, including wired whole home mobile generator. Two story side is also wired for 100 inch projector and screen, surround sound, quartz counters, marble in primary, CAT 5 electrical, RING home security, 50 amp power in shop/shed, new 100 gal hot water tank

Additional Information

List Date
2024-01-02 00:00:00
Community
Lake Stevens
Net Operating Income
$44,467
Gross Adjusted Income
$54,000
Gross Scheduled Income
$54,000
Total Monthly Income
$4,500
Insurance Expenses
$1,383
Water/Sewer/Garbage Expenses
$840
Gross Rent Multiplier
16.29
Total Expenses
$9,533
Cap Rate
5.1
Total Number of Units
2
Unit Name
9020
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1979
Roof
Composition
Site Features
Fenced-Fully, Outbuildings, Patio, RV Parking
Energy Source
Electric
School District
Lake Stevens
Elementary School
Skyline Elem
Middle School
Lake Stevens Middle
High School
Lake Stevens Snr Hig
Total Monthly Income
$4,500
Gross Scheduled Income
$54,000
Gross Adjusted Income
$54,000
Tax Year
2023
Insurance Expense
$1,383
W/S/G Expenses
$840
Total Expenses
$9,533
Net Operating Income
$44,467
Gross Rent Multiplier
16.29
Cap Rate
5.1
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