601 Cedar Avenue

Marysville, WA 98270

$998,950
Price
6
Beds
3.5
Baths
3,744 Sq. Ft.
$267 / Sq. Ft.
3,744
Sq. Ft.
$267
per Sq. Ft.

Description

Rare Tremendous Investment Opportunity offering Four units which includes a commercial unit on the main street. Great Cash Flows! Long term tenant leases in front duplex. Additionally a detached 2 bedroom remodeled fully furnished home with extensive upgraded patio which has commanded up to $3,500 per month for short term rental tenants. The whole property is currently zoned "Flex Residential: allowing many options for permitted uses including mixed uses, commercial, adult family homes, senior housing...Rare Tremendous Investment Opportunity offering Four units which includes a commercial unit on the main street. Great Cash Flows! Long term tenant leases in front duplex. Additionally a detached 2 bedroom remodeled fully furnished home with extensive upgraded patio which has commanded up to $3,500 per month for short term rental tenants. The whole property is currently zoned "Flex Residential: allowing many options for permitted uses including mixed uses, commercial, adult family homes, senior housing accessory dwelling units & more. Updated units inside & out. An enclosed fenced areas with a sprinkler system allows for easy landscape maintenance. All units have separate meters! Convert & upgrade commercial. Seller Financing options.
  1. Listed by Steve Knoblaugh • Keller Williams Realty Bothell
  2. Listed by Meriam Knoblaugh • Keller Williams Realty Bothell

Property Details for 601 Cedar Avenue

Community Name
Marysville
School District
Marysville
View
City, Territorial
Number of Assigned Spaces
10
Total Covered Parking
1
Entry Date
02-17-2024
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Keller Williams Realty Bothell
Add your commute
LISTING UPDATED: 04/23/2024 07:54 PM

Property Details for 601 Cedar Avenue

StatusActive
MLS #2201174
Days on Market73
Cumulative Days on Market73
Taxes$5,688 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.22 AC / 9,583 SF
CountySnohomish County

Location

Listing Courtesy of Keller Williams Realty Bothell
Add your commute

Building Information for 601 Cedar Avenue

Stories2Residences4Year Built1957Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$5,926 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,452

Property Taxes

$474

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 Cedar Avenue

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Fenced-Partially, Outbuildings, Patio, RV Parking, Shop, Sprinkler System
  • Area: 770 - Northwest Snohomish
  • Elementary School: Liberty Elem
  • Middle Or Junior School: Marysville Mid
  • High School: Buyer To Verify
  • Directions: I-5 exit #199 and head East on SR 528 (4th St.); then, left on Cedar to 6th St. Property occupies the NW corner intersection.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 1.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Floor Covering: Concrete, Laminate, Vinyl Plank, Carpet
  • Features: Concrete, Laminate, Wall to Wall Carpet
  • Amenities: Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement/Concrete, Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2100
  • Power Company: Sno Pud
  • Sewer Company: City of Marysville
  • Water Company: City of Marysville
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 36
Lot Information
  • Lot Details: Alley, Corner Lot, Paved
  • Lot Number: 1, 2
  • Lot Size Source: county records
  • Parcel Number Free Text: 00576200200100
  • Building Condition: Very Good
  • Calculated Square Footage: 3744
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3744.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $276
  • Total Expenses: 13024
  • Gross Adjusted Income: 91728
  • Gross Rent Multiplier: 12.29
  • Gross Scheduled Income: $93,600
  • Insurance Expense: $2,200
  • Net Operating Income: $78,704
  • Other Expenses: $2,760
  • Total Monthly Income: 7800
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: Add Dwelli
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 720
  • Rent Unit 1: $3,000.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: A
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 900
  • Rent Unit 2: $1,500.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: Comm
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: false
  • Refrigerator Unit 3: false
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 800
  • Rent Unit 3: $1,500.00
  • Bedrooms Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: B
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 1324
  • Rent Unit 4: $1,800.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3744.0
  • Leasable Area Units: Square Feet

Property History for 601 Cedar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 601 Cedar Avenue

Taxable ValueLand$215,400Additions$347,600Total$563,000
Tax Record2022$5,688 ($474 / month)
Home Facts
Baths5Total Finished SqFt2,224 SqFtAbove Ground SqFt2,224 SqFtStories2Lot Size9,583 SqFtStyleTriplexYear Built1907ZoningMUCountySNOHOMISHAPN00576200200100

Schools near 601 Cedar Avenue

This home is within Marysville School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 10 to 12
Public - 6 to 8
Rating
School
Distance
Liberty Elementary School
PublicPK to 5

Totem Middle School
Public6 to 8

Marysville NWESD 189 Youth Engagement
Public10 to 12

Marysville Middle School
Public6 to 8

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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601 Cedar Avenue is a multi-family home for sale in Marysville, WA 98270. This property was listed for sale on February 17, 2024 by Keller Williams Realty Bothell, it's currently listed at $998,950. It has been on the market for a total of 73 days and was last sold on July 12, 2021. This listing's school district is Marysville School District. Nearby schools include Liberty Elementary School, Totem Middle School and Marysville NWESD 189 Youth Engagement. 601 Cedar Avenue is a 6-bed, 3.5-bath, 3,744 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Bothell

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.