Sold
Last Sold Price
1,832 sqft

6920 Lower Ridge Rd, Everett, WA 98203

Multi FamilyProperty Type
0.24 acresLot Size
1979Year Built
$292/sq ftPrice per sq ft
4 carsParking Spaces

Description

Excellent investment opportunity for rental income. Two indentical/opposite units side x side sit back on private long driveway, separate yard for each unit. 2-story floor-ceiling window - natural light, feels like home! Garage + uncovered parking. Long term (7+ yrs) tenant (month-to-month) in Unit A, friendly, pays on time & would like to stay. Everett is rapidly growing and appreciating. High demand rental market, close to bus, schools & shopping, a few short minutes to new Airport and Boeing.Excellent investment opportunity for rental income. Two indentical/opposite units side x side sit back on private long driveway, separate yard for each unit. 2-story floor-ceiling window - natural light, feels like home! Garage + uncovered parking. Long term (7+ yrs) tenant (month-to-month) in Unit A, friendly, pays on time & would like to stay. Everett is rapidly growing and appreciating. High demand rental market, close to bus, schools & shopping, a few short minutes to new Airport and Boeing.
Listing closed: 09/21/2020 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1632475
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Location

Listing Courtesy of KW North Sound

Sold By Sound Realty Group Inc

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30 year fixed, 7.03% Interest

Principal and Interest

$2,856

Property Taxes

$290

HOA Dues

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Property Information for 6920 Lower Ridge Road

Property Details

  • Taxes: $3,479 / year
  • MLS Type: Residential Income
  • Community Name: South Everett
  • School District: Everett
  • View: Territorial
  • Number of Assigned Spaces: 4
  • Total Covered Parking: 2
  • Offers Review Date: 07-21-2020
  • Entry Date: 07-17-2020
  • Sewer: Available

Building Information

  • Stories: 2
  • Residences: 2
  • Year Built: 1979
  • Lot Size: 0.24 AC / 10,454 SF

Summary

Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, High Speed Internet
  • Area: 740 - Everett/Mukilteo
  • Block: 000 D-06 - THE WEST 120 FT OF 3 130 FT
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: I-5 to 526, take Evergreen exit and go right (north), left onto Beverley Ln, left onto Madison St, left onto Lower Ridge Road, duplex on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2019
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • 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: Wood
  • Roof: Composition

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1560
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 35
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 88' x 120'
  • Lot Number: 34
  • Lot Size Source: Matrix
  • Parcel Number Free Text: 00392000003406
  • Building Condition: Average
  • Calculated Square Footage: 1832
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1832.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 5936
  • Gross Adjusted Income: 36270
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $37,200
  • Insurance Expense: $897
  • Net Operating Income: $30,334
  • Other Expenses: $0
  • Total Monthly Income: 0
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1832.0
  • Leasable Area Units: Square Feet

Property History for 6920 Lower Ridge Road

DateEvent & SourcePriceAppreciation
Sep 21, 2020

Sold

NWMLS #1632475

$535,000—
Jul 21, 2020

Pending

NWMLS #1632475

—
Jul 17, 2020

Listed (Active)

NWMLS #1632475

$535,000—
DateEvent & SourcePrice
09/21/2020

Sold

NWMLS #1632475

$535,000
07/21/2020

Pending

NWMLS #1632475

—
07/17/2020

Listed (Active)

NWMLS #1632475

$535,000

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

Public records

6920 Lower Ridge Road

Baths

3

Total Finished SqFt

1,832 SqFt

Above Ground SqFt

1,832 SqFt

Stories

2

Lot Size

10,454 SqFt

Style

Duplex

Schools near 6920 Lower Ridge Road

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 - 6 to 12
Rating
School
Distance
Madison Elementary School
PublicPK to 5

Evergreen Middle School
Public6 to 8

Cascade High School
Public9 to 12

Everett Virtual Academy
Public6 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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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 KW North Sound

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.