Description

BEST INCOME RATE IN AREA 4-Plex





****Don’t miss this Fantastic Opportunity for a buyer looking for a turn-key
investment that has additional upside in rents and great cash flow
moving forward.****

** Immaculately cared for, condo quality 4-plex in a great location.
**Close to schools, shopping, hwy 99 and I-5.
**Units have had extensive updating within the last 2 years.
** Best Income rate in area.
**Each unit has own large patio or deck, some w/views.

****PLEASE DO NOT DISTURB TENANTS.****

Price: $650,000
Year: 1997
Area: 740
County: Snohomish
Map: 396
Grid: D-5

#Units: 4
Acreage: 0.14
Sq Ft: 3,960
Lot Size: 6,098
Zoning: Multi-Family
Community: Rucker Hill

Gr Schd Inc.: $39,956
Gr Adj Inc.: $39,956
Total Exp.: $9,510
Net Opr Inc.: $30,446
Cap Rate: 4.68
Tax Year: 2007
Annual Taxes: $4,800

Vacancy Rt: 0
Uncov'd Spcs: 8
Total Pkg Spcs: 8

Amenities: Fire Sprinklers, Storage, Thermal Windows
Energy Source: Electric
Heating/Cooling: Forced Air
Floor Covering: Vinyl, Wall to Wall Carpet
Terms: Cash Out, Conventional
Foundation: Yes
Roof Type: Composition
Exterior: Metal/Vinyl
Sewer: Sewer Connected
Site Features: Cable TV, Deck, Disabled Access, Fenced-Partially, High Speed Internet, Patio

Unit Size: Approximately 1,100 sq ft per unit
Each Unit Has: 2 big bedrooms with large baths
Decks & Patios: Large separate Decks & Patios with unbelievable views of Snohomish Valley

LIST OF IMPROVEMENTS SINCE 2005:
* All 4 units were completely remodeled and all have:
* Newer Vinyl ("low E") Windows & Sliding Glass Doors in addition to existing Vinyl Windows
* Newer Microwaves over ranges all vented to the outside with 6" piping
* Newer Ranges
* Newer Large Capacity Refrigerators with icemakers
* Newer 110cfm Panasonic Ultra quiet fans (on timers) in the baths (2 years)
* Newer Hot Water Tanks in units (2 years)
* Newer Stainless Steel Sinks With Moen Faucets in Kitchens (2 years)
* Newer Moen faucets & sinks in baths (2 years)
* Newer Moen Valve Inserts in showers (2 years)
* 6- 6" Can Lights in all living rooms (on dimmers)
* All new "Décor" plugs & switches thru-out
* Approximately 1,100 sq ft per unit, 2 big bedrooms with large baths
* Large separate Decks & Patios with unbelievable views of Snohomish Valley all the way to the Cascades for each unit.
* Large Condo quality Bathrooms with plenty of storage
* Carpet & vinyl only 2 years old and is professionally cleaned every 6 months or if tenant moves.
* Storage under building which houses monitoring for each fire detector & Hot Water tanks for A & B

General Comments:
* Rents could be moved upward to stay in proximity to amenities.
* Vinyl Siding on 10 year old building makes for easy maintenance.
* 2 Car Parking per unit back to back with plenty of guest parking on Rucker.
* Owner Moving is only reason for sale.
* 3 Blocks from ballpark (Mariners farm club)
* Across from Everett Clinic
* Walking distance to shopping & all services

Directions:
I-5 N, Merge onto Broadway via Exit 192 to 41st St. ramp to
Mukilteo, Merge onto 41st St. to Evergreen Way, Turn R on Rucker Ave.
Left on 39th St., 1st left at alley, Bldg 7th Down on left.

Features

Refrigerator, Balcony, Patio/Deck, Cable/Satellite TV, Carpeted Floors, Washer/Dryer, Microwave, Range, Disposal, Dishwasher,

Community Features

Public Access, Close to schools,

Michael Dormer Senior Consultant Dormer Consulting Office: 425-939-1597 Mobile:

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View this home online at www.HomesByLender.com/ 11368
Contact seller directly at 425-820-2600

Property is for sale by owner. The seller is not "represented" by agency . All property information is provided by the seller and should be verified directly with the seller.