5113 S 4th Avenue, Everett, WA

About 5113 S 4th Avenue

Turnkey duplex with side-by-side units in Everett's Lowell neighborhood offering mountain, river, and territorial views in a private, peaceful setting. Each unit features 2 bedrooms, 2 bathrooms, and 1,156 sq ft of thoughtfully designed living space with updated kitchens, private washer and dryer, thermal windows, two private decks, outdoor storage, plus a separate larger storage area below that could be finished or used for hobbies or a workspace. Both long-term tenants are on month-to-month leases, generating $4,050 per month in gross rental income and a 5.61% cap rate based on current rents and operating expenses. The property offers low vacancy history and potential for additional rent upside. Owner occupants can live in one unit while offsetting their mortgage with rental income. Additional parking in the rear accommodates 3 to 4 vehicles with potential RV or boat storage. Unit B will be available August 1st, making this an attractive opportunity for an owner-occupied buyer.

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