633 635 Smith Street, Monroe, WA 98272
Courtesy of John L. Scott Woodinville
Selling Office: Keller Williams Rlty Bellevue.- $1,240,500
- 4,024
- SqFt
- Sold Price
- $1,240,500
- Status
- SOLD
- Days on Market
- 18
- Closing Date
- Feb 23, 2024
- MLS#
- 2187688
- Subtype
- Residential Income
- Style
- 52 - Duplex
- Year Built
- 2008
- Living Area
- 4,024
- Lot Size
- 5,227
- Acres
- 0.12
- Subdivision
- Monroe
- Neighborhood
- Monroe
- MLS Area Major
- Southeast Snohomish
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!
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Additional Information
- Interior Features
- Ceramic Tile, Laminate, Wall to Wall Carpet
- Exterior Features
- Cement Planked, Wood Products
- Property Description
- 52 - Duplex
- Flooring
- Ceramic Tile, Laminate, Vinyl, Carpet
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Composition
- School District
- Monroe
- Elementary School
- Frank Wagner Elem
- Middle School
- Park Place Middle Sc
- High School
- Monroe High
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