5416 S 4th Ave, Everett, WA 98203

$895,000
2,512
SqFt

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Listing courtesy of John L. Scott, Inc.. Selling Office: John L. Scott, Inc..

Sold Price
$895,000
List Price
$905,000
Status
SOLD
MLS#
2346848
Closing Date
May 19, 2025
Days on Market
39
Style
52 - Duplex
Finished SqFt
2,512
Area Total SqFt
2512
Annual Tax Ammount
6221
Lot Size (sq ft)
15,246
Sewer
Sewer Connected

Property Description

Renovated duplex featuring two units, A & B, offering great income potential. Each unit boasts modern finishes, spacious layouts, and back patios. Prime location with easy access to amenities and commuting corridor. Unit A comprises 1256 sqft with 3 beds and 2.5 baths, featuring brand new carpet, Quartz countertops, high-quality cabinets, stainless steel appliances, new vinyl plank flooring, new paint inside & out, new trim, new doors & handles, light fixtures, new furnaces in both units, and a new 30 year composition roof a few years ago. Unit B mirrors Unit A's layout with same finishes. Strong rental history, and ample parking make this property ideal for investors or homeowners seeking rental income opportunities.

Additional Information

List Date
2025-04-10 00:00:00
Community
Lowell
Net Operating Income
$50,956
Gross Adjusted Income
$62,500
Gross Scheduled Income
$64,800
Total Monthly Income
$4,800
Insurance Expenses
$1,171
Water/Sewer/Garbage Expenses
$4,152
Gross Rent Multiplier
14
Total Expenses
$16,344
Cap Rate
5.6
Vacancy Rate
2
Total Number of Units
2
Unit Name
5416
Potential Terms
Cash Out, Conventional
Year Built
1999
View
Mountain(s), River, Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Propane
Electric Expenses
2400
Energy Source
Electric, Propane
School District
Everett
Elementary School
Lowell Elem
Middle School
Evergreen Mid
High School
Everett High
Total Monthly Income
$4,800
Gross Scheduled Income
$64,800
Vacancy Rate
2
Gross Adjusted Income
$62,500
Tax Year
2024
Insurance Expense
$1,171
W/S/G Expenses
$4,152
Total Expenses
$16,344
Net Operating Income
$50,956
Gross Rent Multiplier
14
Cap Rate
5.6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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