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    11601 19th Street NE

    Lake Stevens, WA 98258
    • $699,000
    • STATUS: Pending Inspection
    • ON SITE: 29 days
    • ID#: 1800682
    Under Contract
    UPDATED: 81 min ago
    $699,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1992
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of John L. Scott Mukilteo.

    Description

    Great investment opportunity to own a duplex within a residential neighborhood, in the fast growing Lake Stevens. With each side having 3 BR & 2 baths, the mirror image floor plan lives larger than it's 1200sf, w/spacious primary bedroom. Living rooms open to a private and tranquil backyard bordering protected green space, w/ gardens, and room to play or just take in nature. Each unit is equipped with large laundry room, and have secure garage parking or storage. Units are well cared for and have had long term renters. Rents are below market, and a little cosmetic improvement will see rents closer to $2,000/mo. Tenants would like to stay, currently rented at $1800 for unit A and $1500 for B. With market rents cap rate would be close to 6%.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-31T00:14:56.74.

    www.nexthomesouthsound.com/homes/118878788
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    11601 19th Street NE Lake Stevens, WA 98258

    • Price: $699,000
    • Status: Pending Inspection
    • Updated: 81 min ago
    • ID#: 1800682
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    1992
    Built
    Neighborhood:
    Lake Stevens
    County:
    Snohomish
    Area:
    NE Snohomish/Lk Stevens/Machias/G.Falls
    School District:
    Lake Stevens
    Property Description
    Great investment opportunity to own a duplex within a residential neighborhood, in the fast growing Lake Stevens. With each side having 3 BR & 2 baths, the mirror image floor plan lives larger than it's 1200sf, w/spacious primary bedroom. Living rooms open to a private and tranquil backyard bordering protected green space, w/ gardens, and room to play or just take in nature. Each unit is equipped with large laundry room, and have secure garage parking or storage. Units are well cared for and have had long term renters. Rents are below market, and a little cosmetic improvement will see rents closer to $2,000/mo. Tenants would like to stay, currently rented at $1800 for unit A and $1500 for B. With market rents cap rate would be close to 6%.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features Cement/ConcreteMetal/VinylWoodWood Products Lot Features Adjacent To Public LandDead End Street Open Parking Spaces 4 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 4 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateVinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 39600 Insurance Expense 1090 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 30610 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckPatio Special Listing Conditions None Tax Annual Amount 5344 Tax Year 2021 Total Expenses 8990 Units In Building Total 2 Utilities Cable ConnectedSewer ConnectedElectricity Available Water Sewer Garbage 2556 Water Source Public Zoning Class Multi-Family

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NextHome South Sound and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-31T00:14:56.74.

     
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    NextHome South Sound
    1570 Wilmington Dr., Suite 200
    DuPont WA, 98327
    Listing Courtesy of John L. Scott Mukilteo.