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Listing Details

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School Ratings & Info

School District
Listing Courtesy of The Foundation Group Llc.

Description

Well-maintained value-add 4-unit in excellent condition listed at 5.23% cap rate with upside - trending to 7% +. Large and open units in heart of Monroe with 6 carport spaces and in-unit W/D + dishwasher. Two units fully renovated and remaining two units have long-term tenants in place. Three out of the four units are month-to-month. See supplements for list of major improvements.

Listing by Ethan Szmania. Sold by John L. Scott Mill Creek.

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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 2021-08-05T23:14:04.003.

www.nexthomesouthsound.com/homes/118621918
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600 W Elizabeth St Monroe, WA 98272

  • Price: $900,000
  • Status: Sold
  • Updated: 42 min ago
  • ID#: 1796450
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1967
Built
Neighborhood:
Monroe
County:
Snohomish
Area:
SE Snohomish County/Mill Creek/N.Bothell
School District:
Monroe
Property Description
Well-maintained value-add 4-unit in excellent condition listed at 5.23% cap rate with upside - trending to 7% +. Large and open units in heart of Monroe with 6 carport spaces and in-unit W/D + dishwasher. Two units fully renovated and remaining two units have long-term tenants in place. Three out of the four units are month-to-month. See supplements for list of major improvements.
Exterior Features

Carport Spaces 6 Carport YN No Covered Spaces 0 Exterior Features BrickWood Lot Features Paved Open Parking Spaces 0 Open Parking YN No Parking Total 6 Parking Uncovered Spaces 0 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

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

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 61020 Insurance Expense 1125 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalFhaVa Loan Net Operating Income 47121 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 6034 Tax Year 2021 Total Expenses 13899 Units In Building Total 4 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 6740 Zoning Class Multi-Family Zoning Jurisdiction City

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 2021-08-05T23:14:04.003.

 
https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1796450-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1796450-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1796450-1.jpg
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NextHome South Sound
1570 Wilmington Dr., Suite 200
DuPont WA, 98327
Listing Courtesy of The Foundation Group Llc.