6302 Broadway, Everett, WA 98203

$900,000
3,529
SqFt

Listing courtesy of John L. Scott Mill Creek. Selling Office: Windermere RE North, Inc..

Sold Price
$900,000
List Price
$939,950
Status
SOLD
MLS#
2033945
Closing Date
May 17, 2023
Days on Market
64
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,529
Area Total SqFt
3529
Annual Tax Ammount
6600
Internet Provider
Xfinity
Lot Size (sq ft)
6,098
Sewer
Sewer Connected

Property Description

Profitable turnkey 4-plex in the Pinehurst neighborhood in Everett offering great mountain views! This property has provided a consistently low vacancy rate with long-term tenants that have allowed strong cash flow and a good cap rate along with its coin-operated laundry for additional income. This property features ample parking and has been recently updated and offers newer paint, newer carpet, and flooring. Close to public transit, freeway entrances, shopping, downtown Everett, Everett Clinic, and Schools while only being minutes from Amazon, Boeing and I -5. Long term owner is retiring.

Additional Information

List Date
2023-03-14 00:00:00
Community
Pinehurst
Net Operating Income
$55,929
Gross Adjusted Income
$67,125
Gross Scheduled Income
$72,300
Total Monthly Income
$5,775
Insurance Expenses
$2,175
Water/Sewer/Garbage Expenses
$7,020
Gross Rent Multiplier
13
Total Expenses
$16,371
Cap Rate
6.25
Vacancy Rate
2
Total Number of Units
4
Unit Name
6302
Potential Terms
Cash Out, Conventional
Year Built
1968
View
Mountain(s), Territorial
Roof
Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
Electric Expenses
576
Energy Source
Electric
School District
Everett
Elementary School
Lowell Elem
Middle School
Evergreen Mid
High School
Cascade High
Total Monthly Income
$5,775
Gross Scheduled Income
$72,300
Vacancy Rate
2
Gross Adjusted Income
$67,125
Tax Year
2022
Insurance Expense
$2,175
W/S/G Expenses
$7,020
Total Expenses
$16,371
Net Operating Income
$55,929
Gross Rent Multiplier
13
Cap Rate
6.25
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