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PENDING
Listing provided courtesy of , .
Source NWMLS.
9107 Meridian Place NE, Lake Stevens, WA 98258
8
beds
4
baths
3088
ft2
· 10454
ft2 lot
$959,950
$311 / ft2
Location, location, location plus DESIRABLE schools & HIGH tenant demand in a HIGH growth, HIGH appreciation area! This 4-plex opportunity checks ALL the boxes! Set yourself up for life with low financing rates in this exploding demand market! Great opportunity to own & prosper in Lake Stevens market! Four identical units each have 772 square feet with two bedrooms, 1 bath PLUS in-unit laundry. Kitchens updated in three of the units already! This professionally managed complex has a very LOW vacancy rate w/ HIGH upside potential on income in the near term! Conveniently located to the Hwy2 trestle, Frontier Village & everything Lake Stevens, Snohomish & Everett have to offer! Don't miss out on this fantastic & very rare 4-Plex opportunity!
HOA
$0/month
On market
6 months
Year built
1979
Property type
54 4 Plex,Multi Family
Parking
8
MLS
1656889
Price / Sq.Ft.
$311 / ft2
Status
Pending Feasibility
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February
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February
Saturday
27
February
Sunday
28
February
Monday
1
March
Tuesday
2
March
Wednesday
3
March
Thursday
4
March
Friday
5
March
Saturday
6
March
Sunday
7
March
Monday
8
March
Tuesday
9
March
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Based on a price of $959,950
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$7,200
$4,440
+$173/day
$2,760
Best
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$7,200
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$3,312
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$3,312
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$0
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$0
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Property Details
Interior Features & Layout
Oven Unit 1
Oven Unit 1
Oven Unit 2
Oven Unit 2
Dishwasher Unit 1
Dishwasher Unit 1
Washer Dryer Unit 1
Washer Dryer Unit 1
Dishwasher Unit 2
Dishwasher Unit 2
Washer Dryer Unit 2
Washer Dryer Unit 2
Dishwasher Unit 3
Dishwasher Unit 3
Dishwasher Unit 4
Dishwasher Unit 4
Heating Details
Baseboard
Refrigerator Unit 1
Refrigerator Unit 1
Flooring
Vinyl, Wall to Wall Carpet
Refrigerator Unit 2
Refrigerator Unit 2
Unit 1 Baths
1.00
Unit 4 Beds
2
Unit 2 Baths
1.00
Unit 3 Baths
1.00
Unit 3 Beds
2
Unit 4 Baths
1.00
Unit 2 Beds
2
Unit 1 Beds
2
Unit 5 Baths
0.00
Unit 6 Baths
0.00
Property, Lot, Community & Exterior Features
Total Units In Building
4
Lot Features
Cable TV, Deck, Fenced-Partially, Patio
Lot Size Source
SCR
Mls Prop Type
54 - 4-Plex, Multi-Family
Building Exterior Details
Wood
Uncovered Spaces
8
Zoning Type
City
Building Condition
Good
Style
54 - 4-Plex
Unit 4 Sqft
772
Foundation
Poured Concrete
Unit 3 Sqft
772
Roof
Composition
Effective Year Built
1979
Unit 2 Sqft
772
Lot Details
Cul-de-sac, Dead End Street, Paved Street, Sidewalk
Unit 1 Sqft
772
Mls Property Type
Multi-Family
Unit 1 Details
1
Unit 2 Details
2
Unit 3 Details
3
Unit 4 Details
4
Number Stories
2
Year Built Source
PR
Utilities & Other Information
Water / Sewer / Garbage
5748
Water Source
Public
Power Company
Snohomish County PUD
Sewer Company
Lake Stevens Sewer District
Energy Source
Electric
Sewer
Sewer Connected
Water Company
Snohomish County PUD
Listing Details, Costs & Financing Information
Insurance Expenses
1669
Form 17
Provided
Possession
Closing, Sub. Tenant's Rights
Buyer's Agent Commission
2.5
Terms
Cash Out, Conventional, FHA
Net Operating Income
56052
Monthly Rent Unit 1
1415
Monthly Rent
5150
Monthly Rent Unit 2
1395
Gross Rent Multiplier
16
Monthly Rent Unit 3
1095
Cap Rate
5.60
Monthly Rent Unit 4
1245
Tax Year
2020
Sale Type
MLS
Status
Pending Feasibility
Gross Scheduled Income
61800
Taxes
6255
Operating Expense
13672, 13672
Preliminary Title Ordered
Preliminary Title Ordered
Apn
00662600000600
Gross Adjusted Income
61800
School Neighborhood & Directions
High School
Lake Stevens Snr Hig
Directions
From I-5, take Hwy 2 East, Stay left & exit onto Hwy 204 toward Lake Stevens/Frontier Village. Right on Market Place, Right on 91st, left on Meridian.
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Feb 24, 2021 3:59pm
Neighborhood snapshot
%Sale/List
Sqft
35
Properties for sale
5
Median days on market
$253.04
Median sold price/sqft
102.16%
Sold/List %
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Property History
02/05/2021
02/05/2021
NWMLS #1656889
pending
NWMLS #1656889
$959,950
02/02/2021
02/02/2021
NWMLS #1656889
active
NWMLS #1656889
$959,950
+1.05%
11/05/2020
11/05/2020
NWMLS #1656889
active
NWMLS #1656889
$949,950
--1.55%
10/09/2020
10/09/2020
NWMLS #1656889
active
NWMLS #1656889
$964,950
--2.53%
09/02/2020
09/02/2020
NWMLS #1656889
active
NWMLS #1656889
$989,950
+94.13%
See more property history
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Courtesy of NWMLS
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