Bought with: Town Center Realty
$1,100,000
$1,199,950
8.3%For more information regarding the value of a property, please contact us for a free consultation.
3718 Wetmore AVE Everett, WA 98201
11 Beds
5 Baths
4,100 SqFt
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $268
Subdivision Downtown
MLS Listing ID 2388279
Sold Date 06/01/26
Style 54 - 4-Plex
Bedrooms 11
Year Built 1910
Annual Tax Amount $9,103
Lot Size 9,583 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Fenced-Fully, Gas Available, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Jackson Elem
Middle Schools North Mid
High Schools Everett High
School District Everett
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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