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Key Details
Sold Price $437,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $214
Subdivision Sultan
MLS Listing ID 1744728
Sold Date 04/30/21
Style 52 - Duplex
Year Built 1989
Annual Tax Amount $3,695
Lot Size 8,276 Sqft
Property Description
Well-constructed Duplex in Downtown Sultan. Each unit is fully fenced and was built by owner as a long-term investment (first time on the market!). It could make a great opportunity to own your own home while receiving income from the other unit and building equity simultaneously. Each is a 2 bed/ 1 bath unit with one car garage. New outside paint. Walking distance to bus stop, schools, library, post office, restaurants, parks and even a river boat launch. Solid 4.55% cap rate at current rents (potentially 5.85% cap rate based on market rent). The triplex next door is also for sale (MLS #1744731).
Location
State WA
County Snohomish
Area 750 - East Snohomish County
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Sewer Connected, Electric
Amenities Available Fenced-Fully, Patio
Waterfront No
View Y/N Yes
View Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Sultan Elem
Middle Schools Sultan Mid
High Schools Sultan Snr High
School District Sultan
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA
Listing Terms Cash Out, Conventional, FHA
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