9107 Meridian Place Northeast
9107 Meridian Place Northeast
Lake Stevens, WA 98258
$970,000
Last Sold Price
8
Beds
4
Baths
3,088 Sq. Ft.
$314 / Sq. Ft.
3,088
Sq. Ft.
$314
per Sq. Ft.
Sold 5/7/21
Sold 5/7/21
Listing provided courtesy of Infinity Properties, KW Everett
Description
Location, location, location plus DESIRABLE schools & HIGH tenant demand in a HIGH growth, HIGH appreciation area! This 4-plex opportunity checks ALL the boxes! Set yourself up for life with low financing rates in this exploding demand market! Great opportunity to own & prosper in Lake Stevens market! Four identical units each have 772 square feet with two bedrooms, 1 bath PLUS in-unit laundry. Kitchens updated in three of the units already! This professionally managed complex has a very LOW vacancy...Location, location, location plus DESIRABLE schools & HIGH tenant demand in a HIGH growth, HIGH appreciation area! This 4-plex opportunity checks ALL the boxes! Set yourself up for life with low financing rates in this exploding demand market! Great opportunity to own & prosper in Lake Stevens market! Four identical units each have 772 square feet with two bedrooms, 1 bath PLUS in-unit laundry. Kitchens updated in three of the units already! This professionally managed complex has a very LOW vacancy rate w/ HIGH upside potential on income in the near term! Conveniently located to the Hwy2 trestle, Frontier Village & everything Lake Stevens, Snohomish & Everett have to offer! Don't miss out on this fantastic & very rare 4-Plex opportunity!
- Listed by Becky Reed • Infinity Properties
- Listed by Scott Reed • Infinity Properties
Property Details for 9107 Meridian Place Northeast
Community Name
Lake Stevens
School DistrictLake Stevens
Number of Assigned Spaces8
Total Covered Parking0
Entry Date09-02-2020
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Infinity Properties![]()
Sold By KW Everett
Add your commute
LISTING UPDATED: 05/14/2021 04:28 AM
Property Details for 9107 Meridian Place Northeast
| Status | Sold |
|---|---|
| MLS # | 1656889 |
| Days on Market | 156 |
| Cumulative Days on Market | 1202 |
| Taxes | $6,255 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1979 |
| Lot Size | 0.24 AC / 10,454 SF |
| County | Snohomish County |
Location
Listing Courtesy of Infinity Properties![]()
Sold By KW Everett
Add your commute
Building Information for 9107 Meridian Place Northeast
Stories2Residences4Year Built1979Building Size-Lot Size0.24 AC / 10,454 SF
Payment Calculator
$5,815 per month
30 year fixed, 7.25% Interest
Principal and Interest
$5,294
Property Taxes
$521
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 9107 Meridian Place Northeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, Fenced-Partially, Patio
- Area: 760 - Northeast Snohomish?
- High School: Lake Stevens Snr Hig
- Effective Year Built Source: Public Records
- Directions: From I-5, take Hwy 2 East, Stay left & exit onto Hwy 204 toward Lake Stevens/Frontier Village. Right on Market Place, Right on 91st, left on Meridian.
- 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: 8.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl, Carpet
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water Source: Public
- Water/Sewer/Garbage: 5748
- Power Company: Snohomish County PUD
- Sewer Company: Lake Stevens Sewer District
- Water Company: Snohomish County PUD
- Power Production Type: Electric
- Utilities: Cable Connected, Sewer Connected, Electricity Available
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
- Year Built Effective: 1979
- Photos Count: 24
Lot Information
- Lot Details: Cul-De-Sac, Dead End Street, Paved, Sidewalk
- Lot Size Source: SCR
- Parcel Number Free Text: 00662600000600
- Building Condition: Good
- Calculated Square Footage: 3088
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3088.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 13672
- Gross Adjusted Income: 61800
- Gross Rent Multiplier: 16
- Gross Scheduled Income: $61,800
- Insurance Expense: $1,669
- Net Operating Income: $56,052
- Other Expenses: $0
- Total Monthly Income: 5150
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 772
- Rent Unit 1: $1,415.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 772
- Rent Unit 2: $1,395.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 772
- Rent Unit 3: $1,095.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 772
- Rent Unit 4: $1,245.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3088.0
- Leasable Area Units: Square Feet
Property History for 9107 Meridian Place Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 9107 Meridian Place Northeast
Taxable ValueLand$239,900Additions$490,100Total$730,000
Tax Record2022$7,436 ($620 / month)
Home Facts
Baths4Total Finished SqFt3,088 SqFtAbove Ground SqFt3,088 SqFtStories2Lot Size10,454 SqFtStyleQuadraplexYear Built1979ZoningHURCountySNOHOMISHAPN00662600000600
Schools near 9107 Meridian Place Northeast
This home is within Lake Stevens School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 7 | |||
| Public - | 8 to 9 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
Hillcrest Elementary School PublicPK to 5 | ||
Lake Stevens Middle School Public6 to 7 | ||
Cavelero Mid High School Public8 to 9 | ||
Lake Stevens Sr High School Public10 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 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 Infinity Properties
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.