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Listing 3 out of 23
$595,000 Pending Feasibility

5020 College Ave
Everett, WA 98203

4 units | Multi Family Home
8316 sq ft - MLS# 1395998 Courtesy of Westlake Associates, Inc.
Property Photo
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Description

Cash flowing 4-plex with upside in Everett. Several units already updated with the most recent rent of $1075. All spacious single story, 1-bedroom layouts. Each unit comes with a carport parking space and storage locker.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending Feasibility
  • County/Area: Snohomish County
  • Zip Code: 98203
  • Year Built: 1953
  • School District: Everett
  • Units: 4 units
  • # of Parking Spaces: 4
  • Lot Size: 8316 sq ft
  • Area: Everett
  • Area Number: 740
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Building Condition: Good
  • Cap Rate - NOI div LP: 5.35
  • Energy Source(heat): Electric
  • Exterior: Brick
  • Floor Covering: Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • Gross Adjusted Income: $44289
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $46620
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $1200
  • Net Operating Income: $33426
  • Number of Carport Spaces: 4
  • Number of Stories in Building: 1
  • Other Expenses: $1500
  • Rent Unit 1: $1075
  • Rent Unit 2: $1035
  • Rent Unit 3: $850
  • Rent Unit 4: $850
  • Roof: Composition
  • Site Features: Fenced-Partially
  • Square Feet Unit 1: 576
  • Square Feet Unit 2: 576
  • Square Feet Unit 3: 576
  • Square Feet Unit 4: 576
  • Total Expenses: $10863, $10863
  • Total Monthly Income: $3885
  • Vacancy Rate: 5
  • Water/Sewer/Garbage: 3600
Courtesy of Westlake Associates, Inc.
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Keller Williams Realty Bothell are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-03-21

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Withers Team of Realtors

Kenmore, WA 98028

Phone: 425-503-5901
team@withers.com

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Alan Withers & Team | (425) 503-5901 | team@withers.com 
Kenmore, WA 98028

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