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633 635 Smith Street

Monroe, WA 98272
  • $1,240,500
  • STATUS: Sold
  • ID#: 2187688
Sold - 02/23/2024
$1,240,500
SOLD - 02/23/2024
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,024
    SQFT
  • $308
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2008
County:
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of John L. Scott Woodinville.
Mortgage Calculator is provided by BoomTown.

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Investment opportunity in Historic Downtown Monroe! This well-built, generously sized duplex feature 3 & 4 bedroom floor plans with a well-thought-out great room concept, complete with island kitchens. The primary suites w/ ensuite & walk-in-closets. Each unit has attached 2-car garage w/ additional storage room, along with additional off-street/RV parking, making these townhomes desirable for the rental market. A track record of long-term tenants w current rents below market rates, this property presents an enticing prospect for investors looking for stability and growth. Potential for increased returns with new leases, as market rents achieve a 5+% CAP RATE (currently at 4.4%). A fantastic turnkey addition to any real estate portfolio!

Sold by Keller Williams Rlty Bellevue.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-02-29T09:14:28.57. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-02-29T09:14:28.57. 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.
www.kwbellingham.net/homes/146405834
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633 635 Smith Street Monroe, WA 98272

  • Price: $1,288,000
  • Status: Sold
  • On Site: Days
  • Updated: 56 min ago
  • ID#: 2187688
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,024
SQFT
$308
$/SQFT
2008
Built
Neighborhood:
Monroe
County:
Snohomish
Area:
610 - Southeast Snohomish
Elementary School:
Frank Wagner Elem
Middle School:
Park Place Middle Sc
High School:
Monroe High
School District:
Monroe
Property Description
Investment opportunity in Historic Downtown Monroe! This well-built, generously sized duplex feature 3 & 4 bedroom floor plans with a well-thought-out great room concept, complete with island kitchens. The primary suites w/ ensuite & walk-in-closets. Each unit has attached 2-car garage w/ additional storage room, along with additional off-street/RV parking, making these townhomes desirable for the rental market. A track record of long-term tenants w current rents below market rates, this property presents an enticing prospect for investors looking for stability and growth. Potential for increased returns with new leases, as market rents achieve a 5+% CAP RATE (currently at 4.4%). A fantastic turnkey addition to any real estate portfolio!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 4 Exterior Features Cement PlankedWood Products Lot Features Dead End StreetSecluded Open Parking Spaces 6 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 6 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

Interior Features

Building Area Total 4024 Cooling None Cooling YN No Fireplace YN No Flooring Ceramic TileLaminateVinylCarpet Heating Forced Air Heating YN Yes Interior Features Ceramic TileLaminateWall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Buyer Financing Conventional Energy Source Electric FIRPTAYN No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms ConventionalFHA Net Operating Income 56487 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Snohomish Co PUD Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Highland Water District Site Features DeckFenced-Partially Special Listing Conditions None Tax Annual Amount 7238 Tax Year 2023 Units In Building Total 2 Water Company Highland Water District Water Source Public Year Built Effective 2008 Zoning Class Multi-Family Zoning Jurisdiction County



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-02-29T09:14:28.57. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-02-29T09:14:28.57. 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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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of John L. Scott Woodinville.
Mortgage Calculator is provided by BoomTown.