11243 30th ST NE, Lake Stevens, WA 98258
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11243 30th ST NE, Lake Stevens, WA 98258
11243 30th ST NE, Lake Stevens, WA 98258
11243 30th ST NE, Lake Stevens, WA 98258
11243 30th ST NE, Lake Stevens, WA 98258
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Elsa Borgen

Elsa Borgen

+1(253) 606-8212
Listed by:Real Broker LLC • Mike Novak
$ 999,900
Est. payment /mo
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11243 30th ST NE Lake Stevens, WA 98258

6 Beds

6 Baths

3,012 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,012 sqft

Price per Sqft $331

Subdivision Lake Stevens

MLS Listing ID 2572714

Style 52 - Duplex

Bedrooms 6

Year Built 2010

Annual Tax Amount $8,459

Lot Size 0.260 Acres

Property Sub-Type Multi Family

Property Description

Hard-to-find, leased duplex offering immediate income and strong investment potential! Gross annual income of $59,940 with taxes/insurance of $10,331 produces an NOI of $49,609 and approx. 4.9% CAP at $999K. Current rents are $2,400 & $2,595/mo, with PM-projected market rents of $2,895/unit, offering potential for approx. 5.8% CAP at market rents. Tenants pay all utilities. Each spacious unit features 3 beds, 2.5 baths, bonus room, large dining area, gas fireplace, gas cooking/heat, 2-car garage PLUS abundant additional parking and enormous, level, fully fenced private yards—a standout feature for tenants. HardiePlank siding and fresh exterior paint. Unit A offers bamboo flooring & SS appliances; Unit B features LVP, white appliances & new cooktop. Located in the highly desirable Lake Stevens School District, walking distance to the high school and convenient to Hwy 9. Generous floorplans provide the space and functionality renters seek, while individual garages, extensive off-street parking and expansive fenced outdoor spaces help set this property apart from typical multifamily offerings. Established tenancy provides income from the start, while projected market rents offer additional upside for the future. An appealing combination of location, livability, rental demand and income potential makes this a compelling opportunity to acquire an established investment property in a sought-after Lake Stevens community.

Location

State WA

County Snohomish

Area 760 - Northeast Snohomish?

Interior

Flooring Bamboo/Cork, Ceramic Tile, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked, Wood

Garage Spaces 4.0

Amenities Available Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Curbs, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Highland Elem

Middle Schools North Lake Mid

High Schools Lake Stevens Snr Hig

School District Lake Stevens

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, State Bond, VA Loan

Listing Terms Cash, Conventional, FHA, State Bond, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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11243 30th ST NE