Skip To Content

356 W Elizabeth Street

Monroe, WA 98272
  • $1,425,000
  • STATUS: Pending
  • ON SITE: 53 Days
  • MLS #: 1904437
Under Contract
UPDATED: 58 min ago
$1,425,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,712
    SQFT
  • $249
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Information

Elementary School:
Middle School:
High School:
School District:
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.

Monthly Payment Calculator



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.

www.brantleychristianson.com/homes/127257531
Print Image

356 W Elizabeth Street Monroe, WA 98272

  • Price: $1,425,000
  • Status: Pending
  • On Site: 53 Days
  • Updated: 58 min ago
  • MLS #: 1904437
0
Beds
0
Baths
0
½ Baths
0.36
Acres
5,712
SQFT
$249
$/SQFT
1967
Built
Neighborhood:
Monroe
County:
Snohomish
Area:
E. Snohomish Cty/Snohomish/Monroe/Sultan
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Monroe
Property 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.
Exterior Features

Carport Spaces 6 Carport YN No Covered Spaces 0 Exterior Features BrickWoodWood Products Lot Features AlleyPaved Open Parking Spaces 12 Open Parking YN Yes Parking Features Rv Parking Parking Total 18 Parking Uncovered Spaces 12 Roof CompositionTorch Down Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Building Area Total 5712 Fireplace YN No Flooring VinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 66751 New Construction YN No Possession ClosingSee Remarks Possible Use Multi-FamilyResidential Power Production Type Electric Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Site Features Cable TvHigh Speed InternetOutbuildingsPatioRV Parking Special Listing Conditions None Tax Annual Amount 7305 Tax Year 2021 Units In Building Total 6 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Year Built Effective 1967 Zoning Class Multi-FamilyResidential

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Brantley Christianson Real Estate LLC and should be verified by the buyer.


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.

 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_1904437-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_1904437-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_1904437-1.jpg
Logo
Brantley Christianson Real Estate LLC
2005 SE 192nd Ave
Camas WA, 98607
Listing Courtesy of Sound Realty Group Inc.