3218 Lombard Ave, Everett, WA 98201

$799,950
4,502
SqFt

Listing courtesy of Windermere Real Estate JS.

List Price
$799,950
Status
PENDING FEASABILITY
MLS#
1488764
Price Change
▼ $40,050 1571719689
Days on Market
144
Style
55 - 5-9 Units
Building Condition
['Average']
Finished SqFt
4,502
Lot Size (sq ft)
6,098

Property Description

NEW PRICE! Investor alert, 9 unit complex for sale. This property is bringing in a good steady cash flow. Owner has been working with the City on Permits for 3 units that need renovation, permits are now approved and ready to be picked up. All drawings and permits are in hand and ready to turn over, still positive cash flow during those renovations. Once completed this project could be bringing in $11K a month plus, depending on how you want to run it. Bids aquired, lender on board 25% down

Additional Information

List Date
2019-07-12 00:00:00
Community
Downtown
Property Type
MULT
Units
9
Stories
2
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
1900
Total Parking
3
View
Territorial
Exterior
Wood Products
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Everett
Total Monthly Income
$8,954
Gross Scheduled Income
$107,448
Gross Adjusted Income
$107,448
Annual Taxes
$8,845
Tax Year
2019
Insurance Expense
$3,699
W/S/G Expenses
$15,196
Total Expenses
$30,378
Net Operating Income
$77,070
Gross Rent Multiplier
8
Cap Rate
8

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Rent
$1,147
Unit 4 Rent
$1,200
Unit 5 Rent
$1,000
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