Bought with Realty One Group Enterprise
$1,200,000
$1,650,000
27.3%For more information regarding the value of a property, please contact us for a free consultation.
6,084 SqFt
SOLD DATE : 07/15/2025
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,084 sqft
Price per Sqft $197
Subdivision Smokey Point
MLS Listing ID 2366135
Sold Date 07/15/25
Style 55 - 5-9 Units
Year Built 1969
Annual Tax Amount $10,647
Lot Size 0.520 Acres
Property Sub-Type Multi Family
Property Description
6-unit multi-family investment opportunity in Arlington. This 6-unit property offers 6,084 SF on 22,651 SF of land, with a strong in-place income. All units are 2bd1ba, 1,014 SF each. Current Proforma Revenue: $130,620 (effective 6/1/25) NOI: $90,620, Cap Rate: 5.49% Expenses: ~$40,000/year Units 4, 5 and 6 all recently renovated. New Fence constructed in 2023 in the backyard. Located in a growing Arlington area with strong rental demand. The new 2.8 million SF Amazon Fulfillment Center is just a couple minutes away. Additionally, Smokey Point Community Park, located across Smokey Point Blvd, i s under construction. See the attached offering flyer.
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.