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Team Facey - Epique Realty
17820 Smokey Point Boulevard, Arlington, WA 98223
- $1,879,000
- 6,084
- SqFt
Listing Broker: Realty One Group Enterprise; Kevin Zellmer; 425-213-7880; Kevin.zellmer71@gmail.com
- List Price
- $1,879,000
- Status
- ACTIVE
- MLS#
- 2498475
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 6,084
- Area Total SqFt
- 6084
- Annual Tax Ammount
- 11400
- Internet Provider
- Tenants Pay
- Lot Size (sq ft)
- 22,651
- Sewer
- Sewer Connected
Property Description
SELLER FINANCING AVAILBLE! NEW RENOVATIONS for a three units have now been completed and are at Market Rate rents. Still 3 units for increase in monthly rent over $350+ kitchen remodels & interiors, see photos! Current revenues posted & expenses are current Sept 2026. Annual Income $145,920, Expenses: $25,000/year, NOI: $120,920, Cap Rate: 6.45%. Market rate $2250-$2300 s have all new kitchens cabinets, granite countertops, under cabinet and counter lighting & appliances, flooring, bathroom updates. Proforma Income $165k CAP at 7.85%! Strong tenants & income in place, still room to increase rents of the 3 units and even grow income with smaller renovations. Great renovated 6-unit multi-family investment in Marysville/Arlington that offers 6,084 SF on 22,651 SF of land partially fenced with private patios for each unit with 15 parking spaces. Tenants pay their own Electricity, Trash & Recycle. All units are 2 bedrooms & 1 Bathroom 1,014 SQFT each. Recent renovations include electrical, plumbing, venting, insulation, gutters, downspouts, landscaping, exterior & interior have updated paint, flooring, carpet upgrades of Appliances in units, Hot Water tanks & items from prior year as well from Seller. Located in a growing Arlington area with strong rental demand and Businesses. The new 2.8 million SF Amazon Fulfillment Center, Coca Cola Plant, Airport, just minutes away. Smokey Point Community Park. Huge retail Mall Plaza, Target, Costco, Retail and Restaurants just minutes away!
Additional Information
- Community
- Smokey Point
- Net Operating Income
- $120,920
- Gross Adjusted Income
- $145,920
- Gross Scheduled Income
- $145,920
- Total Monthly Income
- $12,160
- Insurance Expenses
- $5,485
- Water/Sewer/Garbage Expenses
- $8,115
- Gross Rent Multiplier
- 12.85
- Total Expenses
- $25,000
- Cap Rate
- 6.45
- Total Number of Units
- 6
- Unit Name
- 17820
- Potential Terms
- Cash, Conventional
- Year Built
- 1969
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $12,160
- Gross Scheduled Income
- $145,920
- Gross Adjusted Income
- $145,920
- Tax Year
- 2025
- Insurance Expense
- $5,485
- W/S/G Expenses
- $8,115
- Total Expenses
- $25,000
- Net Operating Income
- $120,920
- Gross Rent Multiplier
- 12.85
- Cap Rate
- 6.45
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.