3430 Rucker Ave

    Everett, WA 98201
    • $350,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 1597694
    UPDATED: 50 min ago
    $350,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1901
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Capstone Commercial.

    Description

    This quaint 1911 triplex offers a great investment opportunity for a qualified investor looking for upside. The building provides great upside or potential development on a corner lot all within a 1/4 mile of downtown Everett. All units are fully occupied with rents below market. On current rents, an investor can expect 5% Cap, and with modest rent increases one could easily realize an 8.5 CAP!

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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 Icon Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T13:15:25.86.

    www.iconrealestategroup.com/homes/105580426

    3430 Rucker Ave Everett, WA 98201

    • Price: $350,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 1597694
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1901
    Built
    Neighborhood:
    Everett
    County:
    Snohomish
    Area:
    Everett/Mukilteo
    School District:
    Everett
    Property Description
    This quaint 1911 triplex offers a great investment opportunity for a qualified investor looking for upside. The building provides great upside or potential development on a corner lot all within a 1/4 mile of downtown Everett. All units are fully occupied with rents below market. On current rents, an investor can expect 5% Cap, and with modest rent increases one could easily realize an 8.5 CAP!
    Exterior Features

    Carport Spaces 0 Exterior Cement/Concrete Garage Spaces 0 Roof Composition Stories In Building 2 Style 53 - Tri-plex Total Parking Spaces 6 Uncovered Spaces 6

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 750 Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 300 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 500 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 26931 Gross Rent Multiplier 12 Gross Scheduled Income 28200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1200 Leased Items None Net Operating Income 17713 New Construction YN No Other Expenses 0 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 2919 Tax Year 2020 Terms Cash Out Third Party Approval Required None Total Expenses EXP 2400 Total Expenses TEX 2400 Total Monthly Income 2350 Unit1 Monthly Rent 900 Unit2 Monthly Rent 700 Unit3 Monthly Rent 750 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 4 Water Sewer Garbage 2700

    Listing information © 2020 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 Icon Real Estate Group 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 Icon Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T13:15:25.86.

     
    Icon Real Estate Group
    10216 SE 256th St, Suite #255
    Kent WA, 98030
    Listing Courtesy of Capstone Commercial.