1625 Chestnut Street

$970,000

3,424 Sq.Ft.

Description

Instant cash flow opportunity! This 4-plex tucked away on a quiet street next to Jackson Park is a turnkey revenue machine. Built as a condo with double walls between units. Brand new roof completed in January 2021! Washer/Dryer in each unit. Lower units have enclosed yards (tenant maintained) while top units have large decks. Operating costs stay low as the owner pays garbage while the tenants pay all other utilities. 3 of 4 units have tenants in place thru end of 2021, while unit 4 is recently vacant with proforma rent at $1300+. Potential for rent increases with COVID restrictions to be lifted at end of March. The tenants love living here, and are unaware of sale.

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Location

1625 Chestnut Street, Everett, WA 98201

Status

Sold

Sterling Roe

TITLE

Realtor

PHONE

(425) 785-7107

[email protected]

CONTACT AGENT

Property Amenities

View additional property information below.

Interior

Flooring Ceramic Tile, Laminate, Vinyl

Other Interior Features Ceramic Tile, Laminate Hardwood

Area & Lot

Lot Area 0.14 Acres

Living area 3,424 Sq.Ft.

MLS® ID 1744967

Year Built 1985

School District Everett

High School Everett High

Middle School North Mid

Elementary School Garfield Elem

Architecture Styles Quadruplex

Type Multi-Family

Status Sold

Exterior

Stories 2

Green Feature Thermal Windows

Water Source Public

Sewer Sewer Connected

Other Exterior Features Wood

Roof See Remarks

Utilities Sewer Connected, Electricity Available

Finance

Sales Price $970,000

Real Estate Tax $6,152 yearly

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$970,000