923 E Marine View Drive Unit #1-5, Everett, WA 98201

$1,375,000

Listing courtesy of RSVP Real Estate.

List Price
$1,375,000
Status
ACTIVE
MLS#
1722297
Price Change
▼ $120,000 1629779140
Days on Market
227
Style
54 - 4-Plex
Area Total SqFt
3764
Lot Size (sq ft)
31,362

Property Description

Great Build & Hold Opportunity! Permits Previously Approved! Ready to Build 17 units! Earn as you build. Market Rent NOI: $75,420. There is room to remodel units and increase market rents! Purchase includes 3 parcels: Townhouse style 4 - Plex, 1 Bedroom House and a vacant lot zoned R4. Completed you'll have a total of 21 Units in Thriving & growing Everett just blocks from new Waterfront development! Great access to I-5, Shops & Restaurants. Cascades, valley and river views. New Roof, some units and home have been lightly remodeled. Welcome!

Additional Information

List Date
2021-02-02 00:00:00
Community
North Everett
Potential Terms
Cash Out, Conventional
Year Built
1980
View
Mountain(s), Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet, Patio
Heating/Cooling Type
Baseboard
Electric Expenses
100
Other Expenses
500
Energy Source
Electric
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,285
Gross Scheduled Income
$7,585
Vacancy Rate
5
Gross Adjusted Income
$6,285
Tax Year
2020
Insurance Expense
$500
W/S/G Expenses
$100
Total Expenses
$6,629
Net Operating Income
$6,575
Gross Rent Multiplier
1
Cap Rate
4
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