Bought with Keller Williams Rlty Bellevue
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633 635 Smith ST Monroe, WA 98272
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Key Details
Sold Price $1,240,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,024 sqft
Price per Sqft $308
Subdivision Monroe
MLS Listing ID 2187688
Style 52 - Duplex
Year Built 2008
Annual Tax Amount $7,238
Lot Size 5,227 Sqft
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!
Location
State WA
County Snohomish
Area 610 - Southeast Snohomish
Interior
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
Exterior
Exterior Feature Cement Planked, Wood Products
Amenities Available Deck, Fenced-Partially
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Secluded
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Frank Wagner Elem
Middle Schools Park Place Middle Sc
High Schools Monroe High
School District Monroe
Others
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
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