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12428 Meridian Ave S, Everett, WA 98208

$1,064,000
Last sold 05/24/2019 for $769K
—
bed
—
bath
3,840
Sqft ($201/Sqft)

House not for sale

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About 12428 Meridian Ave S

Property type House

Neighborhood

Year built 1978

HOA fee $0/month

Lot size 0.33 Acre

Movoto estimate

Property description

A phenomenal opportunity to invest in a fully rented property with long-tern tenants! Unlike similar properties, the big stuff has been done for you: Brand new vinyl windows/sliders, new roof in 2018, exterior paint in 2019, and interiors recently renovated, incl. all new paint and flooring! Look at the numbers and enjoy impressive cashflow from a low-maintenance property. Units are well-maintained by caring tenants. Tenants pay W/S. Tenants unaware of sale, pls do not disturb. Seconds to I-5.

Listed by

Listing Agent - Diana Rayo

Listing Office - Windermere Real Estate/East

Source: NWMLS

MLS#1397875 • last updated 1 year ago

Movoto checked NWMLS for data 19 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1397875
SubType	Multi-Family
Type	Residential Income
SqFt	3840
Status	Sold
Lot Size (SqFt)	14375
Lot Size (Acres)	0.33
Property Tax	5932
Buying Office	Caliber Real Estate
Year Built	1978
Buying Office Phone	425-320-3204
HOA Fee	Annually, 0
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
# Open Parking Spaces	8
# Parking Spaces	8
# Uncovered Spaces	8
Exterior Features	Wood

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, Alderwood Water District
Water	Public
Water Company	Alderwood Water District
Power Company	PSE
Power Production: Type	Electric
HOA Amenities	Playground, Storage, Thermal Windows

Location
View	Territorial
County	Snohomish
Subdivision	Mariner
Area	740 - Everett/Mukilteo
Elementary School	Discvy Elem
Middle School	Voyager Mid
High School District	Mukilteo
High School	Mariner High
APN	661800000500
Zoning	Multi-Family

Multifamily Details
Net Operating Income	42829
Capitalization Rate	5.6
Gross Scheduled Income	57600
Expense: Other	5081
Gross Adjusted Income	57700
Total Expenses	9512
Gross Rent Multiplier	13
Nwm_Totalmonthlyincome	5045
Vacancy Rate	2

Lot/ Land Details
Site Features	Cable TV, Deck, Patio

$1.06M

Range: $755K-$1.37M

Last 30 days

Rental est.: $1,395/month

• Gross rent multiplier: 46.0

Lower your payment with the loan terms that fit you.

May 2019
Public Records
May 28, 2019 Sold
$769,950
May 2019
MLS # 1397875
May 24, 2019 Sold
$769,950
Apr 25, 2019 Listed
$769,950
Jan 4, 2019 Listed
$750,000 (-4.5%)
Apr 2019
MLS # 1444402
Apr 25, 2019 Listed
$769,950 (+2.7%)
Nov 2018
MLS # 1386920
Nov 16, 2018 Listed
$785,000 (+98.7%)
Oct 2005
MLS # 25108435
Oct 18, 2005 Sold
$395,000
Jul 25, 2005 Listed
$390,000 (+14.7%)
Oct 2005
Public Records
Oct 14, 2005 Sold
$395,000 (+1.3%)
Apr 2003
Public Records
Apr 30, 2003 Sold
$340,000
Apr 2003
MLS # 23038310
Apr 30, 2003 Sold
$340,000 (+1.5%)
Mar 19, 2003 Listed
$335,000

12428 Meridian Ave S
$769K
740 - Everett/mukilteo
—
98208
$527K -18% y/y
Everett
$524K -14% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
17 124th St Se, Everett, WA 98208	$334,600	3/2	1,336	0.1
23 124th St Se, Everett, WA 98208	$370,700	3/2	1,496	0.11
12130 1st Ave Se, Everett, WA 98208	$366,200	2/2	1,666	0.23
12124 1st Ave Se, Everett, WA 98208	$304,300	1/1	1,214	0.24
12129 1st Ave Se, Everett, WA 98208	$308,200	2/2	1,421	0.24
12116 1st Ave Se, Everett, WA 98208	$337,500	3/2	1,568	0.25
12123 1st Ave Se, Everett, WA 98208	$325,300	—/2	1,080	0.25
12329 4th Pl W, Everett, WA 98204	$448,000	3/2	1,152	0.26

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.