Bought with Waterstone Properties
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Key Details
Sold Price $604,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $296
Subdivision Monroe
MLS Listing ID 1751704
Sold Date 05/24/21
Style 52 - Duplex
Year Built 1967
Annual Tax Amount $4,686
Lot Size 0.460 Acres
Property Description
Amazing Duplex opportunity with great rental history! This 20,000+ sqft lot is zoned LDMR which may allow for further development. Each side has 1070 sqft and 2 beds with 1 bath. Many maintenance updates in recent years including appliances, the back patio, wiring, water heater, and more. Ample off street parking for both units. Great location sits in unincorporated Snohomish county but just minutes to downtown Monroe. Great little studio outbuilding. Could be rented out as extra storage, art studio, or something else. Plenty of creative ways to make more cash! Current CAP rate includes a premium yard and pond service that could likely be had for less. Pro Forma CAP with adjusted maintenance costs and same rents would be 5%.
Location
State WA
County Snohomish
Area 610 - Southeast Snohomish
Interior
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available Septic System, Electric
Amenities Available Fenced-Partially, Patio
Waterfront No
View Y/N No
Roof Type Composition
Building
Sewer Septic Tank
New Construction No
Schools
School District Monroe
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA
Listing Terms Cash Out, Conventional, FHA
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