9525 4th Street NE, Lake Stevens, WA 98258
- $550,000
Listing courtesy of KW North Sound. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $550,000
- List Price
- $575,000
- Status
- SOLD
- MLS#
- 1659964
- Closing Date
- Oct 30, 2020
- Days on Market
- 13
- Annual Tax Ammount
- 3562
Property Description
Excellent opportunity to own office (lower unit) & living space (upper unit) w/ 5 off-street parking spots in S. Frontier Village by Target, Frontier Village SC, restaurants, the Lake, and more. Lower office space is currently used as auto detail and has lobby, 4 offices or storage areas and one false wall. Upper unit has office / laundry / bath downstairs and kitchen, living area, bedroom, bath, and balcony upstairs. Exterior has hardi-siding, covered patio, 2 entrances, and existing sign post.
Additional Information
- Community
- Lake Stevens
- Building Condition
- Very Good
- Style
- 73 - Office
- Year Built
- 1942
- # of Assigned Spaces
- 5
- Tax Year
- 2019
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Flooring
- Engineered Hardwood, Slate, Vinyl
- Driving Directions
- From SR 9 turn into Frontier Village, immediate turn on 4th and follow around and property on left. Or, from SR 9 turn on east on Market Pl, turn north on 95th, drive through parking lot to property.
- Electric Expenses
- 804
- Net Operating Income
- $20,378
- Gross Adjusted Income
- $28,800
- Gross Scheduled Income
- $28,800
- Water/Sewer/Garbage Expenses
- $1,296
- Cap Rate
- 4.9
- Total Expenses
- $8,422
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