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Everett "Rental Monster" — Legal Duplex + ADU, ~$6,900/mo Potential, $995K

9015 Corbin Dr, Everett, WA, 98204
Deal Overview

Asking Price

$995,000

After Repair Value

$1,100,000

Rehab Cost

$50,000

Potential Profit

$55,000

Investment Analysis

Monthly Rent

$6,900/mo

Annual Income

$82,800

NOI

$82,800/yr

Cap Rate

8.32%

Property Details

Bedrooms

6

Bathrooms

3

Sq Ft

2,508

Year Built

1928

Property Type

Multi Family

Condition

Good

Lot Size

13,939 Square Feet

Distress Indicators
Deferred Maintenance
Description

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.

Property Info
OccupancyTenant Occupied
AccessAppointment Only
Showing Instructions

Do not disturb tenant!

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Everett "Rental Monster" — Legal Duplex + ADU, ~$6,900/mo Potential, $995K | Go Deal Pro