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311 Date Ave, Sultan, WA 98294

$1,152,000

Last sold 07/02/2021 for $875K

—
bed
—
bath
4,080
Sqft ($214/Sqft)

House not for sale

About 311 Date Ave

Property type House

Neighborhood

Year built 1990

HOA fee $0/month

Lot size 0.42 Acre

Movoto estimate

Property description

Sultan Multi-Family 4-Plex. Opportunity to add to your investment portfolio, or owner occupy one unit and rent out the others. Each unit has 2 bedrooms, 1 full bathroom and 2 huge garages and a backyard. Owner has added additional income through renting out garage units separately. All income/expense information is based on rental from 3 units with owner living in 4th. Tenant turnover and vacancy has been extremely low for years. This project has recently been converted into 4 Condos and they are being offered simultaneously. Seller has option to convert back into Multi-Family status. 40 min. commute to Redmond/Bellevue, 10 min outside Monroe.

Listed by

Listing Agent - Dave Bray

Listing Office - John L Scott Monroe

Source: NWMLS

MLS#1774904 • last updated 2 years ago

Movoto checked NWMLS for data 6 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1774904
SubType	Multi-Family
Type	Residential Income
SqFt	4080
Status	Sold
Lot Size (SqFt)	18295
Lot Size (Acres)	0.42
Property Tax	3812
Buying Office	COMPASS
Year Built	1990
Buying Office Phone	425-242-6440
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	4
# Covered Spaces	8
# Parking Spaces	12
# Uncovered Spaces	4

Amenities / Utilities
Sewer/ Septic	Sewer Connected, Sultan
Water	Public
Water Company	Sultan
Power Company	Sno PUD
Power Production: Type	Electric
Security Features	PartiallyFenced

Location
County	Snohomish
Subdivision	Sultan
Area	750 - East Snohomish County
High School District	Sultan
APN	28083200308800
Zoning	Multi-Family

Multifamily Details
Net Operating Income	32586
Capitalization Rate	3.7
Expense: Insurance	1873
Expense: Electricity	144
Gross Scheduled Income	48900
Gross Adjusted Income	32586
Total Expenses	12242
Gross Rent Multiplier	17
Nwm_Totalmonthlyincome	4075
Vacancy Rate	2

Lot/ Land Details
Site Features	Cable TV, Deck, Fenced-Fully

$1.15M

Range: $979K-$1.32M

Last 30 days

Rental est.: $2,463/month

• Gross rent multiplier: 29.6

Lower your payment with the loan terms that fit you.

Jul 2021
Public Records
Jul 2, 2021 Sold
$875,000
Jul 2021
MLS # 1774904
Jul 2, 2021 Sold
$875,000
Jun 1, 2021 Pending
—
May 17, 2021 Active
—
May 14, 2021 Listed
$875,000

Year Property taxes Tax assessment
2025
$8,279 +27.7%

$910,000 +9.9%
2023
$6,481 +4.7%

$828,000 +21.91%
2022
$6,192

$679,200

311 Date Ave
$875K
750 - East Snohomish County
—
98294
$549K -3% y/y
Sultan
$554K -2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
502 3rd St, Sultan, WA 98294	$319,000	—/1	744	0.02
508 3rd St, Sultan, WA 98294	$305,000	—/1	876	0.03
515 4th St, Sultan, WA 98294	$368,000	2/1	736	0.04
312 Date Ave, Sultan, WA 98294	$433,000	3/1	952	0.04
316 Date Ave, Sultan, WA 98294	$434,000	3/1	936	0.04
406 3rd St, Sultan, WA 98294	$392,000	2/1	948	0.05
512 3rd St, Sultan, WA 98294	$507,000	3/1	1,392	0.05
501 3rd St, Sultan, WA 98294	$458,000	2/2	996	0.05

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