3430 Rucker Ave, Everett, WA 98201

$350,000

Listing courtesy of Capstone Commercial.

List Price
$350,000
Status
PENDING
MLS#
1597694
Days on Market
84
Style
53 - Tri-plex
Lot Size (sq ft)
5,662

Property Description

This quaint 1911 triplex offers a great investment opportunity for a qualified investor looking for upside. The building provides great upside or potential development on a corner lot all within a 1/4 mile of downtown Everett. All units are fully occupied with rents below market. On current rents, an investor can expect 5% Cap, and with modest rent increases one could easily realize an 8.5 CAP!

Additional Information

List Date
2020-04-01 00:00:00
Community
Everett
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out
Year Built
1901
Total Parking
6
Uncovered Parking
6
Exterior
Cement/Concrete
Roof
Composition
School District
Everett
Total Monthly Income
$2,350
Gross Scheduled Income
$28,200
Vacancy Rate
4
Gross Adjusted Income
$26,931
Annual Taxes
$2,919
Tax Year
2020
Insurance Expense
$1,200
W/S/G Expenses
$2,700
Total Expenses
$2,400
Net Operating Income
$17,713
Gross Rent Multiplier
12
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$900
Unit 2 Baths
1.00
Unit 2 Size
300
Unit 2 Rent
$700
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
500
Unit 3 Rent
$750
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