Bought with Real Property Associates
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1625 Chestnut ST Everett, WA 98201
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Key Details
Sold Price $970,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,424 sqft
Price per Sqft $283
Subdivision Riverside
MLS Listing ID 1744967
Sold Date 05/20/21
Style 54 - 4-Plex
Year Built 1985
Annual Tax Amount $6,152
Lot Size 6,098 Sqft
Property Description
Instant cash flow opportunity! This 4-plex tucked away on a quiet street next to Jackson Park is a turnkey revenue machine. Built as a condo with double walls between units. Brand new roof completed in January 2021! Washer/Dryer in each unit. Lower units have enclosed yards (tenant maintained) while top units have large decks. Operating costs stay low as the owner pays garbage while the tenants pay all other utilities. 3 of 4 units have tenants in place thru end of 2021, while unit 4 is recently vacant with proforma rent at $1300+. Potential for rent increases with COVID restrictions to be lifted at end of March. The tenants love living here, and are unaware of sale.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Interior Features Ceramic Tile, Laminate Hardwood
Flooring Ceramic Tile, Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type See Remarks
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Garfield Elem
Middle Schools North Mid
High Schools Everett High
School District Everett
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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