[NEW] Everett Cashflow Triplex

1436

Property ID

2,832 SqFt

Size

6

Bedrooms

3

Bathrooms

Description

Single level triplex, 3 side-by-side 2bd/1ba untis (2,832 sq ft total.), custom built in 1977. All 3 units have their own garages. 2 end units have a 2 car garages per unit. The Middle unit only 1 car garage.

This well maintained Beverly Park Tri-Plex in Everett offers an excellent location and endless opportunities. Each of the 3 identical units boast 2 beds, 1 bath, a freestanding fireplace, private deck w/access from both the master bedroom and the living room, as well as a designated garage. Fenced and gated green space w/mature landscaping. Large, private corner lot on a quiet street. Perfect for an owner-occupied or investment property.

total rents are $4,675/mo and the cap rate if you run the numbers is at 5.8% – 6% Caprate if you rent out the vacant end unit which was previously rented at $1675 2 months ago.

End Unit #1 Currently $1550/m and thats because we had to get someone in there asap so the Bank on one of the previous offers we got can finance the deal.
End Unit #2 Vacant right now but was rented at $1675/m 2 months ago 1 year lease
Middle Unit Rented Currently at $1350

There’s an opportunity to fix up all three units and charge more rent. The only thing needed to be updated is to patch some soft spots on the roof and seal a small leak in the Attic. House is currently off-market but will be back on the market in 2 weeks at a higher price if its not sold.

Address

Address: 233 Dorn Ave 1-3 Everett, WA 98208
  • Country: United States
  • Province / State: WA
  • City / Town: Everett
  • Postal code / ZIP: 98208
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  • Property ID 1436
  • Price $740,000
  • Property Type Duplex
  • Property status SOLD
  • Bedrooms 6
  • Bathrooms 3
  • Year Built 1977
  • Size 2,832 SqFt

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Contact

Name: Acquisitions Team

425-358-5051

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