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Sold for $725,000 Sold

1220 Avenue A #1,2,3
Snohomish, WA 98290

3 units | Multi Family Home
7841 sq ft - MLS# 1416996
Property Photo

Sold

Sold for $725,000 on Apr 19, 2019

Description

FIRST TIME ON MARKET –Don’t miss out on this fantastic opportunity to own an In-Town Tri-plex w/ an excellent cash flow & easy to rent units! At a 5.6% cap-rate each Town-House style unit feat. 2 Bds 1.5 Bth (Jack & Jill Bath Upstairs), Dual Entrances, Washer & Dryer & 2 parking spaces. Laundry conveniently located upstairs. Immaculately maintained thru out the years & recently updated w/ NEW floors,NEW Paint,NEW fixtures.Previous Buyer backed out prior to inspection, no fault of the property.

Features

  • # of Parking Spaces: 6
  • Area: Snohomish
  • Area Number: 750
  • Bathrooms Unit 1: 1.50
  • Bathrooms Unit 2: 1.50
  • Bathrooms Unit 3: 1.50
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 5.67
  • County/Area: Snohomish County
  • Energy Source(heat): Electric
  • Exterior: Cement Planked
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $41994
  • Gross Rent Multiplier: $14
  • Gross Scheduled Income: $54480
  • Heating/Cooling: Wall
  • Insurance Expenses: $1391
  • Listing Status: Sold
  • Lot Details: Corner Lot, Curbs, Sidewalk
  • Lot Size: 0.1800
  • Net Operating Income: $41994
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 6
  • Parking Spaces: 6
  • Power Company: Sno Pud
  • Property Type: Multi Family Home
  • Rent Unit 1: $1495
  • Rent Unit 2: $1550
  • Rent Unit 3: $1495
  • Roof: Composition
  • School District: Snohomish
  • Selling Agent: Jason Ferrando
  • Selling Office: Best Choice Realty LLC
  • Sewer Company: City Of Snohomish
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet
  • Sold Date: 2019-04-19 00:00:00
  • Sold Price: 725000.00
  • Sq.Ft.: 3172
  • Square Feet Unit 1: 950
  • Square Feet Unit 2: 1050
  • Square Feet Unit 3: 950
  • Sub Type: Multi Family Home
  • Total Expenses: $12486, $12486
  • Total Monthly Income: $4540
  • Units: 3
  • Water Company: City Of Snohomish
  • Water Source: Public
  • Water/Sewer/Garbage: 6144
  • Year Built: 1994
  • Zip Code: 98290
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Gilpin Realty are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-05-20

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