3916 220th St NW Unit A - C, Stanwood, WA 98292

$760,000
7,100
SqFt

Listing courtesy of Champions Real Estate Services.

List Price
$760,000
Status
ACTIVE
MLS#
1482559
Days on Market
21
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
7,100
Lot Size (sq ft)
118,050

Property Description

Property is a money maker. Features 3/2 house, 1/1 house separate entrances, a 5,000 SF shop built in 2004 and add'l storage/RV parking on 2.7 acres. Property offered at an 8% cap rate with room to grow to a 11+ Cap. All buildings updated or built new by current owner. Everything metered individually to keep bills low. Owner uses lots of storage himself but could be rented for more income. Shop is sold vacant so perfect for owner operator. Removable 300 SF "tiny home" included for extra $65k.

Additional Information

List Date
2019-06-27 00:00:00
Community
Arlington
Property Type
MULT
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1976
Total Parking
30
Uncovered Parking
20
Waterfront
Yes
Exterior
Metal/Vinyl, Wood
Roof
Composition
Site Features
Deck, Gated Entry, Hot Tub/Spa, Outbuildings, Patio, RV Parking, Shop
Lot Details
Open Space, Secluded
School District
Arlington
Total Monthly Income
$6,038
Gross Scheduled Income
$72,456
Vacancy Rate
3
Gross Adjusted Income
$70,282
Annual Taxes
$5,191
Tax Year
2018
Insurance Expense
$750
W/S/G Expenses
$960
Total Expenses
$9,301
Net Operating Income
$60,981
Gross Rent Multiplier
10
Cap Rate
8

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
650
Unit 1 Rent
$1,100
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1450
Unit 2 Rent
$1,818
Unit 3 Size
5000
Unit 3 Rent
$3,000
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
300
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