7809 Timber Hill Drive, Everett, WA 98203

$1,525,000
3,837
SqFt

Listing courtesy of Keller Williams Rlty Bellevue.

List Price
$1,525,000
Status
ACTIVE
MLS#
1861929
Price Change
▼ $50,000 1638849275
Days on Market
78
Style
54 - 4-Plex
Finished SqFt
3,837
Lot Size (sq ft)
13,068

Property Description

If you're looking for a cash flowing, low maintenance, fully remodeled (2019) 4 Plex, this one is for you! Each unit is 2 bedrooms 1 bath. Upgraded finishes include new luxury vinyl plank, beautiful Quartz counter tops and updated LED lighting throughout. The kitchens have white paneled cabinetry, sleek & modern SS appliances & w/d in unit. 0% vacancy at already great rents w/room to increase, all units leased & staggered through 2022 w/on time/current paying tenants. 2 units townhome style w/attached 2 car garage, 2 units condo style w/parking for 2 cars each. All units are metered by Guardian, tenants pay all utilities. Located in a quiet neighborhood conveniently located near several grocery stores, restaurants & public transportation.

Additional Information

List Date
2021-11-11 19:06:13
Community
Everett
Potential Terms
Cash Out, Conventional, FHA, See Remarks, VA Loan
Year Built
1969
Roof
Composition
Site Features
Cable TV, High Speed Internet
School District
Everett
Elementary School
Emerson Elem
Middle School
Evergreen Mid
High School
Buyer To Verify
Total Monthly Income
$6,970
Gross Scheduled Income
$82,525
Gross Adjusted Income
$82,525
Tax Year
2021
Insurance Expense
$833
W/S/G Expenses
$4,803
Total Expenses
$14,348
Net Operating Income
$68,177
Gross Rent Multiplier
18.47
Cap Rate
4.47
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