Everett "Rental Monster" — Legal Duplex + ADU, ~$6,900/mo Potential, $995K
Asking Price
$995,000
After Repair Value
$1,100,000
$50,000
$55,000
Monthly Rent
$6,900/mo
Annual Income
$82,800
NOI
$82,800/yr
Cap Rate
8.32%
Bedrooms
6
Bathrooms
3
Sq Ft
2,508
Year Built
1928
Property Type
Multi Family
Condition
Good
Lot Size
13,939 Square Feet
A true rental play in Everett, a legal duplex plus ADU that lives like three income streams under one roof (looks like two separate houses from the street). For an investor building cash flow, this is the kind of multi-unit configuration that's hard to find at this price. The unit mix: a 3 bed / 2 bath with a 2-car garage, a 2 bed / 1 bath, and a 1 bed / 1 bath ADU, three separate units, three separate rents. Projected rents pencil to roughly $3,500 (3/2), $2,000 (2/1), and $1,400 (1/1 ADU), for about $6,900/month in gross potential income once dialed in. There's also room for expansion on the ~13,939 sqft lot for a buyer who wants to push value further. It's largely there already, needs roughly $50K to bring it to perfect, cosmetic-to-moderate work rather than a gut. Priced at $995,000, which pencils against the income for a buy-and-hold or house-hack investor. Buyer to independently verify unit count, legal use/permitting, actual vs. projected rents, square footage, and expansion feasibility.
Asking Price
$995,000
Do not disturb tenant!
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