2927 Federal Ave, Everett, WA 98201

$614,950
2,944
SqFt

Listing courtesy of John L. Scott, Inc..

List Price
$614,950
Status
PENDING INSPECTION
MLS#
1391168
Days on Market
4
Style
54 - 4-Plex
Finished SqFt
2,944
Lot Size (sq ft)
4,356

Property Description

Amazing location providing all the urban amenities within walking distance (walk score 82). This 4-plex now zoned UR, building height limit can go up to 7-11 floors with no max on # of units. With views of the sound and Olympics and a cap rate of 7.6% you don’t want to miss out on this opportunity. Some newer hard-surface updates and plenty of street parking + parking pad in the back off of the alley. Units are separately metered, house includes tenant coin op laundry room too. Solid tenants!

Additional Information

List Date
2018-12-05 00:00:00
Community
Everett
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1900
Total Parking
8
Uncovered Parking
8
View
Bay, Mountain, Partial, Sound
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Everett
Total Monthly Income
$4,715
Gross Scheduled Income
$56,715
Vacancy Rate
2
Gross Adjusted Income
$55,581
Annual Taxes
$4,551
Tax Year
2018
Insurance Expense
$1,148
W/S/G Expenses
$1,173
Total Expenses
$10,275
Net Operating Income
$46,440
Gross Rent Multiplier
11
Cap Rate
7

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,265
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
1100
Unit 2 Rent
$1,420
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
500
Unit 3 Rent
$1,110
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$920
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