Turn-key Investment Opportunity! Approved triplex has been utilized as a 5-plex, Unit 1 & 2 on the first floor are 1b1b, with unit 1 have private laundry. The upper level divided into 3 studio units (share a bathroom private kitchen for each). Updated building & units with strong cash flow—currently grossing $4,850/mo ($58,200/year) and approx. 8% cap rate. Many upgrade and new appliances see additional supplement. Unit 1 fully remodeled with modern interior; New coin-op laundry and water heater. Unit 4, 5 left vacant for potential owner-occupancy/upgrade to drive up value—only unit available for showing. Great in-city location with easy access to Everett CC, hospitals, shops, cafes, and freeways. Loyal long-term tenants, rent below market.
Listing Provided Courtesy of Luxi Meng, Kelly Right RE of Seattle LLC
General Information
NWM2405233
Single Family Residence
14
DOM
6
4356 SqFt
3
1768
1904
Snohomish
Residential
Single Family Residence
Listing Provided Courtesy of Luxi Meng, Kelly Right RE of Seattle LLC
Krishna Realty data last checked: Aug 10, 2025 11:19 | Listing last modified Jul 17, 2025 22:19,
Source:
Turn-key Investment Opportunity! Approved triplex has been utilized as a 5-plex, Unit 1 & 2 on the first floor are 1b1b, with unit 1 have private laundry. The upper level divided into 3 studio units (share a bathroom private kitchen for each). Updated building & units with strong cash flow—currently grossing $4,850/mo ($58,200/year) and approx. 8% cap rate. Many upgrade and new appliances see additional supplement. Unit 1 fully remodeled with modern interior; New coin-op laundry and water heater. Unit 4, 5 left vacant for potential owner-occupancy/upgrade to drive up value—only unit available for showing. Great in-city location with easy access to Everett CC, hospitals, shops, cafes, and freeways. Loyal long-term tenants, rent below market.
