531
83rd Avenue SE,
Lake Stevens,
Washington
WA
98258
Price: $1,400,000
Mortgage Calculator
Listing ID: 1963002
Status:
Active
SqFt:
3,567
Sq Ft
Acres:
1.030
Acres
Subdivision:
Lake Stevens
Year Built:
1967
**INVESTOR ALERT ~ Desirable City of Lake Stevens! Preliminary short plat done - shovel ready. (Lot 1) has existing Triplex ~ New roof and gutters. Fresh updates with new appliances ~ granite counters ~ vinyl flooring ~ lighting ~ paint and permitted decks. Each unit has their own fenced yard and lower-level laundry including storage space. Unit 1 showcases a below grade studio. (Lot 2) ~ residential, (lot 3) w/duplex potential. City water & sewer. Prime location w/new housing developments, Costco, and quick access to Hwy 9, Hwy 2 and I-5. See attached plat for improvements needed. 100% occupancy including original farmhouse ~ please use discretion when walking exterior. Great opportunity for the investor and/or 1031 Exchange.
Primary Features
County:
Snohomish
Price Before Reduction:
1500000
Price Reduction Date:
2023-03-09T22:34:59+00:00
Property Sub Type:
Multi-Family
Property Type:
Residential Income
Subdivision:
Lake Stevens
Year Built:
1967
Interior
Building Area Units:
Square Feet
Flooring:
Laminate
Furnished:
Unfurnished
Interior Features:
Laminate
Living Area Units:
Square Feet
Stories Total:
1
External
Elevation Units:
Feet
Exterior Features:
Wood Products
Foundation Details:
Poured Concrete
Lot Features:
Paved
Lot Number:
8
Lot Size Square Feet:
44867
Lot Size Units:
Square Feet
MLS Lot Size Source:
PR
Number Of Units Total:
4
Open Parking Spaces:
10
Parking Features:
RV Parking
Parking Total:
12
Parking Uncovered Spaces:
10
Roof:
Composition
Sewer:
Available, Sewer Connected
Sewer Company:
City of Lake Stevens
Structure Type:
Triplex
Style Code:
53 - Tri-plex
Units Below Grade:
true
Units In Building Total:
4
Water Company:
City
Water Sewer Garbage:
9037
Water Source:
Community
Location
Block:
001 ~ D-01
Building Area Total:
3567
Building Name:
Holly Add to East Everett
Country:
US
Elementary School:
Buyer To Verify
High School:
Buyer To Verify
High School District:
Lake Stevens
Middle Or Junior School:
Buyer To Verify
MLS Area Major:
760 - Northeast Snohom
View:
Mountain(s), Territorial
Waterfront:
no
Zoning Class:
Multi-Family,Residential
Zoning Jurisdiction:
City
Additional
Amenities:
Basement,Storage
Effective Year Built Source:
See Remarks
First Right Of Refusal:
no
Mls Status:
Active
Offers:
Seller intends to review offers upon receipt
Possible Use:
Multi-Family, Residential
Power Company:
PUD
Power Production Type:
Electric
Preliminary Title Ordered:
yes
Property Condition:
Good
Show Map Link:
yes
Site Features:
Deck, Fenced-Partially, RV Parking
Year Built Effective:
1967
Financial
Cap Rate:
3.96
Gross Adjusted Income:
72600
Gross Rent Multiplier:
19
Gross Scheduled Income:
72600
Insurance Expense:
2232
Leasable Area:
4539
Leasable Area Units:
Square Feet
Leased Items:
None
Net Operating Income:
55426
Possession:
Negotiable, Tenant's Rights
Sale Type:
MLS
Seller Disclosure:
Provided
Special Listing Conditions:
None
Tax Annual Amount:
5903
Tax Year:
2023
Total Expenses:
17172
Total Monthly Income:
6050
Zoning Info
Contact - Listing ID 1963002
Tracie Diemert
1027 State Ave Suite 102
Marysville, WA 98270
Phone: 425-308-6641
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