8910-8920 10th Street Northeast, Unit 16
Lake Stevens, WA 98258
$1,700,000
Price
16
Beds
9
Baths
6,272 Sq. Ft.
$271 / Sq. Ft.
6,272
Sq. Ft.
$271
per Sq. Ft.
Listing provided courtesy of Paragon Real Estate Advisors
Description
Investment opportunity to purchase as a 6-unit apartment for immediate and long-term cash flow with upside or renovate and re-sell each townhome dwelling unit individually for near term profit. Each townhouse unit has its own parcel number, electric meter, water meter and are classified as “Common Wall Single Family Residences” (Not Condominiums). No condo paperwork required to sell off the units individually. The townhomes have 2 or 3 bedrooms with 1.5 baths, dishwashers, washer/dryers, carports...Investment opportunity to purchase as a 6-unit apartment for immediate and long-term cash flow with upside or renovate and re-sell each townhome dwelling unit individually for near term profit. Each townhouse unit has its own parcel number, electric meter, water meter and are classified as “Common Wall Single Family Residences” (Not Condominiums). No condo paperwork required to sell off the units individually. The townhomes have 2 or 3 bedrooms with 1.5 baths, dishwashers, washer/dryers, carports and fully fenced backyards with storage sheds. It's adjacent to Frontier Heights Park and walking distance to Lake Stevens Marketplace and Frontier Village Shopping Center. The HOA provides a community center and abundant guest parking.
- Listed by Rich Walker • Paragon Real Estate Advisors
Property Details for 8910-8920 10th Street Northeast, Unit 16
Community Name
Lake Stevens
School DistrictLake Stevens
Number of Assigned Spaces12
Total Covered Parking0
Entry Date10-07-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 10/07/2024 12:00 PM
Property Details for 8910-8920 10th Street Northeast, Unit 16
| Status | Active |
|---|---|
| MLS # | 2298116 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $18,273 / year |
| HOA Fees | $600 / year |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1969 |
| Lot Size | 0.30 AC / 13,068 SF |
| County | Snohomish County |
Building Information for 8910-8920 10th Street Northeast, Unit 16
Stories2Residences6Year Built1969Building Size-Lot Size0.30 AC / 13,068 SF
Property Information for 8910-8920 10th Street Northeast, Unit 16
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 760 - Northeast Snohomish?
- Elementary School: Stevens Creek Elementary
- Middle Or Junior School: North Lake Mid
- High School: Lake Stevens Snr Hig
- Directions: From Everett on I-5, take Exit 194 onto Hwy 2 E, then take WA 204 E towards Lakes Stevens. Turn left onto 91st Ave NE. Then turn right onto Frontier Circle E, then left onto 10th St NE.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 006228-000-002-00,006228-000-003-00,006228-000-004-00,006228-000-005-00,006228-000-006-00
Parking
- Number of Carport Spaces: 6.0
- Carport: No
- Open Parking Spaces: 6.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Amenities: Clubhouse,Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: Yes
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PUD
- Sewer Company: Lake Stevens Sewer
- Water Company: PUD
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Post & Pillar, Poured Concrete
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 31
Lot Information
- Lot Number: 1, 2, 3, 4, 5, and 6
- Lot Size Source: Public Records
- Parcel Number Free Text: 00622800000100
- Calculated Square Footage: 6272
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6272.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Common Interest: Multi-Family
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 2
- Unit Number: 1-6
- Vacancy Rate: 3
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 45451
- Gross Adjusted Income: 137224
- Gross Rent Multiplier: 12.02
- Gross Scheduled Income: $141,468
- Insurance Expense: $4,368
- Net Operating Income: $91,773
- Other Expenses: $22,720
- Total Monthly Income: 11789
- Fuel Expense: $90
Unit 1
- Name Unit 1: 8910
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 896
- Rent Unit 1: $1,534.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 8914
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1120
- Rent Unit 2: $2,195.00
- Bedrooms Unit 2: 3
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 8918
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1120
- Rent Unit 3: $1,962.00
- Bedrooms Unit 3: 3
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: 8912
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1120
- Rent Unit 4: $1,120.00
- Bedrooms Unit 4: 3
- Bathrooms Unit 4: 2
Unit 5
- Name Unit 5: 8916
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 1120
- Rent Unit 5: $1,120.00
- Bedrooms Unit 5: 3
- Bathrooms Unit 5: 2
Unit 6
- Name Unit 6: 8920
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 896
- Rent Unit 6: $896.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6272.0
- Leasable Area Units: Square Feet
Property History for 8910-8920 10th Street Northeast, Unit 16
| 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.
Schools near 8910-8920 10th Street Northeast, Unit 16
This home is within Lake Stevens School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 7 | |||
| Public - | 8 to 9 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
Stevens Creek Elementary PublicK to 5 | ||
North Lake 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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Listing Courtesy of Paragon Real Estate Advisors
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.
