Sold
Last Sold Price
7,260 sqft

401 8th St, Sultan, WA 98294

Multi FamilyProperty Type
0.55 acresLot Size
1981Year Built
$158/sq ftPrice per sq ft
12 carsParking Spaces

Description

Great opportunity to increase your portfolio with this 6-plex. Each unit is 2 bedrooms, 1.5 baths with washers & dryers. Off street parking, storage sheds and backyard/patio area complement each unit. Roof replaced a couple of years ago. Long term tenants are month to month (5 years-13 years).Great opportunity to increase your portfolio with this 6-plex. Each unit is 2 bedrooms, 1.5 baths with washers & dryers. Off street parking, storage sheds and backyard/patio area complement each unit. Roof replaced a couple of years ago. Long term tenants are month to month (5 years-13 years).
  • Listed by: Debbie Finch 425.338.0600 dfinch@windermere.com • Windermere Real Estate M2 LLC
Listing closed: 03/10/2022 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1869250
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Location

Listing Courtesy of Windermere Real Estate M2 LLC

Sold By Keller Williams Rlty Bellevue

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$6,716 per month

30 year fixed, 7.03% Interest

Principal and Interest

$6,139

Property Taxes

$576

HOA Dues

$0

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Property Information for 401 8th Street

Property Details

  • Taxes: $6,916 / year
  • MLS Type: Residential Income
  • Community Name: Sultan
  • School District: Sultan
  • View: Territorial
  • Number of Assigned Spaces: 12
  • Total Covered Parking: 0
  • Entry Date: 12-02-2021
  • Energy Source: Electric
  • Sewer: Sewer Connected

Building Information

  • Stories: 2
  • Residences: 6
  • Year Built: 1981
  • Lot Size: 0.55 AC / 23,958 SF

Summary

Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV
  • Area: 750 - East Snohomish County
  • Directions: Highway 2 to Sultan. North on Main St. Right on 8th.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 12.0
  • Open Parking: Yes

Interior and Exterior Features

Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Composition

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 13568
  • Sewer Company: City of Sultan
  • Water Company: City of Sultan
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family,See Remarks
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, See Remarks
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 1
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 140' x 169'
  • Lot Number: Sec 32, Twp 28, Rge 8E
  • Lot Size Source: Realist
  • Parcel Number Free Text: 28083200314300
  • Calculated Square Footage: 7260
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7260.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Number of Uncovered Spaces: 12
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 34972
  • Gross Adjusted Income: 57000
  • Gross Rent Multiplier: 21.05
  • Gross Scheduled Income: $57,000
  • Insurance Expense: $3,820
  • Net Operating Income: $22,023
  • Other Expenses: $10,668
  • Total Monthly Income: 4750
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7260.0
  • Leasable Area Units: Square Feet

Property History for 401 8th Street

DateEvent & SourcePriceAppreciation
Mar 10, 2022

Sold

NWMLS #1869250

$1,150,000—
Mar 8, 2022

Sold (Public Record)

Public Record #1485379316

$1,150,000—
Feb 5, 2022

Pending

NWMLS #1869250

—
DateEvent & SourcePrice
03/10/2022

Sold

NWMLS #1869250

$1,150,000
03/08/2022

Sold (Public Record)

Public Record #1485379316

$1,150,000
02/05/2022

Pending

NWMLS #1869250

—

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

Public Records for 401 8th Street

Taxable Value

Land

$246,900

Additions

$854,100
Total$1,101,000

Tax Record

2026

$9,657 ($805 / month)

Home Facts

Baths

6

Total Finished SqFt

7,260 SqFt

Above Ground SqFt

7,260 SqFt

Stories

2

Lot Size

23,958 SqFt

Style

Multi-Family Dwelling (2-4)

Year Built

1981

Year Renovated

1985

Zoning

HD

County

SNOHOMISH

APN

280832-003-143-00

Schools near 401 8th Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sultan Elementary School
PublicK to 5

Columbia Virtual Academy Sultan
PublicK to 12

Sultan Senior High School
Public9 to 12

Sky Valley Options
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.

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Listing Courtesy of Windermere Real Estate M2 LLC

Based on information submitted to the MLS GRID as of 09/05/2024 05:44 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.