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Arlington Duplex

Arlington Duplex

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9-10% Return

Arlington Duplex

Property info: Two story duplex in Old Town Business District zoning (allows for multiple commercial and multi family/high density uses) with a detached two car garage that can be rented separate.
Income: 2 bed 1 bath 1138 sf is rented for $850, 2 bed 1 bath 650 sf is rented for $800. Larger unit should rent for $1300 and smaller unit $1000 along with $250+ for the detached garage.
Location: Arlington has good schools, low crime and is a desirable place to live. There are very few rentals in Arlington. I own 4 rental units in Arlington and they are always rented and tenants stay a long time.
This property happens to be downtown and is very walkable.
Value add strategy: Increase rents to fair market value and rent out the detached garage separate. Long term strategy may be to build new or sell for land value as the area grows.
9.86% ROI
capture
Price:$300,000
Address:103 W Gilman Ave
City:Arlington
County:Snohomish
State:WA
Zip Code:98223
MLS:1160972
Year Built:1901
Square Feet:1,788
Bedrooms:4
Bathrooms:2
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