17313 Smoky Point Blvd, Arlington, WA 98223

$4,380,000
10,220
SqFt

Listing courtesy of Globenex Realty.

List Price
$4,380,000
Status
PENDING
MLS#
1736061
Days on Market
9
Style
56 - 10+ Units
Finished SqFt
10,220
Lot Size (sq ft)
33,977

Property Description

Rare Investment opportunity on central of Arlington city downtown. The location of this 30 units Multi-family complex very close to shopping center and I-5. there are two units was converted to the common laundry room that make extra cash income monthly. Well maintenance and on site manager. Lower vacancy rate and lower monthly rent than current rental market due to long term tenants. Big Potential opportunity to increase the rent in future.

Additional Information

List Date
2021-03-01 00:00:00
Community
Smokey Point
Property Type
MULT
Units
32
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1979
Total Parking
30
Uncovered Parking
30
Exterior
Wood
Roof
Composition
Site Features
Fenced-Partially
Lot Details
Paved Street
School District
Arlington
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$26,360
Gross Scheduled Income
$306,084
Vacancy Rate
2
Gross Adjusted Income
$299,962
Annual Taxes
$11,070
Tax Year
2019
Insurance Expense
$9,306
W/S/G Expenses
$36,311
Total Expenses
$87,269
Net Operating Income
$212,962
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$775
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$775
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 3 Rent
$900
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
800
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
800
Unit 5 Rent
$790
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
800
Unit 6 Rent
$875
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