Skip To Content

    137 Kirby Drive

    Monroe, WA 98272
    • $2,850,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: 1758771
    Price Reduced
    $2,850,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Snohomish Properties.

    Description

    Great opportunity!! This 12 unit complex is two buildings on two different Tax Parcel Numbers. Each building is 1-story and has 6 units with 3 2-bedroom units and 3 1-bedroom units. Each unit in the complex has a separate storage room and a covered parking space. The exterior of the buildings are partially brick. The tenants almost never move and have been long term tenants. The parking and driveways are all asphalted. Properties of this kind very seldom become available. The property us extraordinary value in this market. The rent is significantly under the market and could be increased to provide a 5-6% cap rate. Show with discretion and no interior showings except when under contract.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-18T00:15:58.26.

    www.home4investment.com/homes/116194257
    Print Image

    137 Kirby Drive Monroe, WA 98272

    • Price: $2,850,000
    • Status: Active
    • ID#: 1758771
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    1967
    Built
    Neighborhood:
    Monroe
    County:
    Snohomish
    Area:
    E. Snohomish Cty/Snohomish/Monroe/Sultan
    Elementary School:
    Frank Wagner Elem
    Middle School:
    Monroe Mid
    High School:
    Monroe High
    School District:
    Monroe
    Property Description
    Great opportunity!! This 12 unit complex is two buildings on two different Tax Parcel Numbers. Each building is 1-story and has 6 units with 3 2-bedroom units and 3 1-bedroom units. Each unit in the complex has a separate storage room and a covered parking space. The exterior of the buildings are partially brick. The tenants almost never move and have been long term tenants. The parking and driveways are all asphalted. Properties of this kind very seldom become available. The property us extraordinary value in this market. The rent is significantly under the market and could be increased to provide a 5-6% cap rate. Show with discretion and no interior showings except when under contract.
    Exterior Features

    Carport Spaces 12 Carport YN No Covered Spaces 12 Exterior Features BrickWood Lot Features Adjacent To Public LandPaved Open Parking Spaces 0 Open Parking YN No Parking Total 12 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring VinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 1371 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 153600 Insurance Expense 7828 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 109291 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Very Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable Tv Special Listing Conditions None Tax Annual Amount 14553 Tax Year 2020 Total Expenses 44409 Units In Building Total 12 Utilities Cable ConnectedSewer ConnectedElectricity Available Water Sewer Garbage 16790 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-18T00:15:58.26.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1758771-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1758771-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1758771-1.jpg
    Logo
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Snohomish Properties.