Monroe, WA 98272,633 635 Smith ST
Monroe, WA 98272,633 635 Smith ST
Monroe, WA 98272,633 635 Smith ST
21
Listed by John L. Scott Woodinville
Bought with Keller Williams Rlty Bellevue
$1,240,500
$1,288,000
3.7%
Est.Price: ?

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4,024 SqFt

633 635 Smith ST Monroe, WA 98272

Est. payment /mo
SOLD DATE : 02/23/2024

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Arika Zwack Josephson

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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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Northwest MLS (NWMLS)

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Arika Zwack Josephson

Broker | License ID: 118687

+1(425) 449-0188

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