2406 99th Avenue NE Unit #1-2, Lake Stevens, WA 98258
- $810,000
- 2,298
- SqFt
Listing Broker: Skyline Properties, Inc.; Donna Marshall; ; Selling Office: RE/MAX Northwest.
- Sold Price
- $810,000
- List Price
- $829,400
- Status
- SOLD
- MLS#
- 2340165
- Closing Date
- May 12, 2025
- Days on Market
- 40
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,298
- Area Total SqFt
- 2298
- Annual Tax Ammount
- 6767
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 24,829
- Sewer
- Sewer Connected
Property Description
Built in 1994 Townhouse style Duplex,Great opportunity to own a well-maintained investment property.Live on one side while renting out the other. Each unit offers 2 bedrooms and 2.5 bath,1030 sq ft each, attached garage for each unit, and private yards. Located in desirable area of Lake Stevens,1/2 block to the Lake! Modern spacious living with full sunlight, Bay windows,vaulted ceilings,propane fireplace, Newer washer/dryer in each unit,Island kitchen,Large lot 24,829 sq feet,Immediate opportunity to increase income,Proforma rents of approximately$2,100+ per month,Tenants pay all utilities direct except sewer, new owner could implement a bill back to tenants.2019 New Roof,New Fence 3/3/05,Ample Parking.
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Additional Information
- List Date
- 2025-04-02 00:00:00
- Community
- Downtown Lk Stevens
- Net Operating Income
- $36,040
- Gross Adjusted Income
- $50,400
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $4,200
- Insurance Expenses
- $1,817
- Water/Sewer/Garbage Expenses
- $4,033
- Gross Rent Multiplier
- 16
- Total Expenses
- $14,360
- Cap Rate
- 4.28
- Total Number of Units
- 2
- Unit Name
- 2406
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1994
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio, Propane
- Electric Expenses
- 71
- Other Expenses
- 1672
- Energy Source
- Electric, Propane
- School District
- Lake Stevens
- Elementary School
- Sunnycrest Elem
- Middle School
- Lake Stevens Middle
- High School
- Lake Stevens Snr Hig
- Total Monthly Income
- $4,200
- Gross Scheduled Income
- $50,400
- Gross Adjusted Income
- $50,400
- Tax Year
- 2025
- Insurance Expense
- $1,817
- W/S/G Expenses
- $4,033
- Total Expenses
- $14,360
- Net Operating Income
- $36,040
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.28
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.