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1509 Walnut St, Everett, WA 98201
Listing courtesy of: Steven Fischer, Westlake Associates, Inc.
For Sale (MLS-listed)
$395,000

1509 Walnut St Everett, WA 98201

Beds: 7
Baths: -
Sq. Ft.: 4,302
$/Sq. Ft.: $92
Lot Size: 9,148 Sq. Ft.
Property Type:Multi-Family
Style:5-9 Units
Stories:1
View(s):Mountain(s)
Year Built: 1910
Community: Everett
County: Snohomish
MLS#: 29149505
Source: NWMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 32 days
Cumulative: 387 days
8% CAP Rate! Seller must sell the property. Please bring all offers! GREAT CASHFLOW!!! Great unit mix with 4 one bedroom apartments and 2 two bedroom apartments on a low maintenance property. Most units have mountain views and plenty of parking behind the building. Building offers coin-op laundry, pitched composite roof and double pain vinyl windows. Building has utility bill back in place which generates additional $300/mo in income. New sewer line was recently installed.

Flooring Information

  • Vinyl Floor
  • Wall-to-Wall Carpet

Building Information

  • # of Units: 6
  • Building Condition: Good
  • Wood Products Exterior
  • Poured Concrete Foundation
  • Composition Roof

Unit 1 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 650
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $525
  • Unit Number: 1

Unit 4 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 850
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $775
  • Unit Number: 4

Lot Information

  • General Zoning Class: Multi-Family
  • General Zoning Class: Residential

Financial Information

  • Cash Out
  • Annual Taxes: $4,504
  • Tax Year: 2009
  • Cap Rate (NOI/LP): 7.97
  • Gross Rent Multiplier: 8
  • Total Monthly Income: $4,050
  • Gross Scheduled Income: $48,600
  • Gross Adjusted Income: $46,170
  • Net Operating Income: $31,491
  • Insurance Expenses: $2,235
  • Water/Sewer/Garbage Expenses: $3,240
  • Other Expenses: $4,700
  • Total Expenses: $14,679
  • Total Expenses: $14,679

Heating & Cooling

  • Baseboard Heat

Parking Information

  • # of Parking Spaces (Total): 6
  • # of Uncovered Spaces: 6

Unit 2 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 650
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $625
  • Unit Number: 2

Unit 5 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 651
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $550
  • Unit Number: 5

Location Information

  • Map Book: Thomas Guide
  • Everett/Mukilteo

School Information

  • School District: Everett

Utility Information

  • Energy Source: Electric
  • Public Water Source
  • Sewer Connected
  • Water Company: PUD
  • Sewer Company: PUD

Property Features

  • Coin Operated Laundry
  • Thermal Windows

Unit 3 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 651
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $625
  • Unit Number: 3

Unit 6 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Sq. Ft.: 850
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $600
  • Unit Number: 6

Property Information

  • Tax ID #: 1135660
  • Vacancy Rate: 5

Listing last changed

November 14, 2009, 11:44 AM

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Overhead View of 1509 Walnut St, Everett, WA 98201

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Property History for 1509 Walnut St

Date Event Price Appreciation Source
Nov 14, 2009 Relisted -- -- NWMLS #29149505
Nov 09, 2009 Delisted -- -- NWMLS #29149505
Oct 23, 2009 Listed $395,000 -- NWMLS #29149505
Dec 05, 2006 Sold (Public Records) $459,100 -- Public Records

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Public Facts for 1509 Walnut St

Beds: -
Baths: -
Finished Sqft: 4302
Unfinished Sqft: -
Total Sqft: 4302
Floors: 1
Lot Size: 9,147
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: 1968
County: Snohomish County
APN: 00556331500400
Last Updated: November 19, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $192,600
Additions $280,400
Total $473,000
Tax (2009) $4,504

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