601 Cedar Avenue Marysville, WA $ 998,950
601 Cedar Avenue
$ 998,950
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601 Cedar Avenue

Marysville, WA, 98270
$ 998,950
Baths0.0 Sq 3,744

Monthly Estimate*

$ 6,978

Listed by Keller Williams Realty Bothell
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Studio

Multi-Family Home for sale in Marysville, WA

for $998,950. This 3,744 square foot home was built in 1957 on a lot size of 0.22.

Rare Tremendous Investment Opportunity offering Four units which includes a commercial unit on the main street. Great Cash Flows! Long term tenant leases in front duplex. Additionally a detached 2 bedroom remodeled fully furnished home with extensive upgraded patio which has commanded up to $3,500 per month for short term rental tenants. The whole property is currently zoned "Flex Residential: allowing many options for permitted uses including mixed uses, commercial, adult family homes, senior housing accessory dwelling units & more. Updated units inside & out. An enclosed fenced areas with a sprinkler system allows for easy landscape maintenance. All units have separate meters! Convert & upgrade commercial. Seller Financing options.

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Multi-Family Active

Price

$ 998,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,688

Style

4-Plex

Lot Size

0.22

Year Built

1957

Town/City

Marysville

County/Region

Snohomish

MLS | Web ID

2201174

Features
General
Interior Features Concrete Laminate Wall to Wall Carpet
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Tenant's Rights
Roof Composition
Exterior Features Cement/Concrete Wood
HOA 0
Security Features FullyFenced
Year Built 1957
View City Territorial
Property SubType Multi-Family
Tax Year 2023
County Snohomish
Net Operating Income 78704
Insurance Expense 2200
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Marysville
Special Listing Conditions None
Status Active
Directions I-5 exit #199 and head East on SR 528 (4th St.); then left on Cedar to 6th St. Property occupies the NW corner intersection.
High School Buyer To Verify
City Marysville
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Marysville
Open Parking Spaces 8
Total Units 4
MLS Area 770 - Northwest Snohomish
Lot Size Square Feet 9583
Waterfront Y/N N
Carport Spaces 1
Carport Y/N N
Street Name Cedar
Listing Terms Cash Out Conventional FHA Owner Financing
Elementary School Liberty Elem
Tax Annual Amount 5688
Electric Expense 276
Fuel Expense 0
Middle/Junior High School Marysville Mid
Property Condition Very Good
Public Remarks Rare Tremendous Investment Opportunity offering Four units which includes a commercial unit on the main street. Great Cash Flows! Long term tenant leases in front duplex. Additionally a detached 2 be
Leasable Area 3744
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Water Company City of Marysville
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 2100
Property Style 54 - 4-Plex
Cap Rate 7
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Interior
Flooring Concrete Laminate Vinyl Plank Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Parking Features RV Parking
Lot Features Alley Corner Lot Paved
Water Source Public
Total Parking 10
Foundation Details Poured Concrete
Building Area Total 3744
Lot Size Acres 0.22
Lot Size Units Square Feet
Covered Spaces 1
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Outbuildings Patio RV Parking Shop Sprinkler System
Parking Uncovered Spaces 8
Lot Number 1 2
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Internal Only
OriginalMLSID NWM2201174
Street Number 1 601
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* Excluded Features
List By
Steve Knoblaugh

Listing Agent

Keller Williams Realty Bothell

Broker

Affordability Calculator

$7,452
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,978
Monthly Property Taxes
$474
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4275058 Elementary School
257861 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2024$998,950 -9.02% Price Down
3/19/2024$1,098,000 -4.52% Price Down
2/17/2024$1,150,000 Listed Price

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601 Cedar Avenue, Marysville, WA, 98270 is a Multi-Family Home for sale at $998,950 with 3,744 sqft and a lot size of 0.22. 601 Cedar Avenue is a studio with 0.0 baths and was built in 1957. The property's zip code is 98270 which is in Marysville, WA