Description
Ideal 6 unit property w/ identical townhome style units (2bed/1.5bath) located blocks from downtown Monroe, Evergreen State Fairgrounds, Highway 2 & SR522. Easy commutes to the Eastside as well as Everett & Snohomish County provide optimal spot for tenants priced out of conventional locations. Carport w/ storage units & coinop laundry make excellent additional income opportunities (brand new machines)! Extra large lot provides ample parking, yard & patio space for each tenant. Long term tenants, never a vacancy. Perfect value-add investment play w/ tons of upside in rents (market rent $1600, pro-forma cap rate 7%). Lots of new construction & development close by put Monroe in the path of progress & make this 6plex an enticing investment.
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0BEDS
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0.36ACRES
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0BATHS
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01/2 BATHS
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5,712SQFT
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$249$/SQFT
School Information
Listing Courtesy of Sound Realty Group Inc.Description
Ideal 6 unit property w/ identical townhome style units (2bed/1.5bath) located blocks from downtown Monroe, Evergreen State Fairgrounds, Highway 2 & SR522. Easy commutes to the Eastside as well as Everett & Snohomish County provide optimal spot for tenants priced out of conventional locations. Carport w/ storage units & coinop laundry make excellent additional income opportunities (brand new machines)! Extra large lot provides ample parking, yard & patio space for each tenant. Long term tenants, never a vacancy. Perfect value-add investment play w/ tons of upside in rents (market rent $1600, pro-forma cap rate 7%). Lots of new construction & development close by put Monroe in the path of progress & make this 6plex an enticing investment.
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 Brantley Christianson Real Estate LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-24T17:16:42.13.