3430 Rucker Ave

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Description

This quaint 1911 triplex offers a great investment opportunity for a qualified investor looking for upside. The building provides great upside or potential development on a corner lot all within a 1/4 mile of downtown Everett. All units are fully occupied with rents below market. On current rents, an investor can expect 5% Cap, and with modest rent increases one could easily realize an 8.5 CAP!This quaint 1911 triplex offers a great investment opportunity for a qualified investor looking for upside. The building provides great upside or potential development on a corner lot all within a 1/4 mile of downtown Everett. All units are fully occupied with rents below market. On current rents, an investor can expect 5% Cap, and with modest rent increases one could easily realize an 8.5 CAP!
  1. Listed by Ted Wood • Capstone Commercial
    P: (206)-324-9412 twood@lee-associates.com
  2. Listed by Patrick Riley • Capstone Commercial
    P: (206)-324-9412 patrick@capstonerea.com

Property Details for 3430 Rucker Avenue

Community Name
Everett
School District
Everett
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
04-01-2020
Sewer
Sewer Connected
LISTING CLOSED: 08/19/2020 12:00 AM

Property Details for 3430 Rucker Avenue

StatusSold
MLS #1597694
Days on Market110
Cumulative Days on Market86
Taxes$2,919 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1901
Lot Size0.13 AC / 5,662 SF
CountySnohomish County

Location

Listing Courtesy of Capstone Commercial

Sold By Capstone Commercial

Add your commute

Building Information for 3430 Rucker Avenue

Stories2Residences3Year Built1901Building Size-Lot Size0.13 AC / 5,662 SF

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$1,997 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,754

Property Taxes

$243

HOA Dues

$0

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Property Information for 3430 Rucker Avenue

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 740 - Everett/Mukilteo
  • Directions: I-5 to Pacific Avenue exit, west to Rucker Avenue, south 3 blocks, property on right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Cement/Concrete
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 2700
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: No
  • Special Listing Conditions: None
  • Photos Count: 11
Lot Information
  • Lot Size Source: assessor
  • Parcel Number Free Text: 00437582501700
  • Calculated Square Footage: 0
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 4
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 2400
  • Gross Adjusted Income: 26931
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $28,200
  • Insurance Expense: $1,200
  • Net Operating Income: $17,713
  • Other Expenses: $0
  • Total Monthly Income: 2350
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1576.0
  • Leasable Area Units: Square Feet

Property History for 3430 Rucker Avenue

DateEvent & SourcePriceAppreciation
Aug 19, 2020

Sold

NWMLS #1597694

$345,000—
Aug 18, 2020

Sold (Public Record)

Public Record #675729280

$345,000—
Jul 20, 2020

Pending

NWMLS #1597694

—
DateEvent & SourcePrice
08/19/2020

Sold

NWMLS #1597694

$345,000
08/18/2020

Sold (Public Record)

Public Record #675729280

$345,000
07/20/2020

Pending

NWMLS #1597694

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For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3430 Rucker Avenue

Taxable ValueLand$314,000Additions$189,500Total$503,500
Tax Record2026$4,324 ($360 / month)
Home Facts
Baths6Total Finished SqFt1,576 SqFtAbove Ground SqFt1,576 SqFtStories2Lot Size5,663 SqFtStyleDuplexYear Built1901Year Renovated1980ZoningUR4CountySNOHOMISHAPN004375-825-017-00

Schools near 3430 Rucker Avenue

This home is within Everett School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Jackson Elementary School
PublicPK to 5

North Middle School
Public6 to 8

Everett High School
Public9 to 12

Sequoia High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot AC
–
–
10
7,200
0.14
–
–
10
7,200
0.14
–
4
1.5
1,596
0.13
$600,000
–
8
3,332
0.14
$530,000
3
1,392
0.14

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capstone Commercial

Based on information submitted to the MLS GRID as of 09/05/2024 05:40 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.