2023 Colby Avenue, Everett, WA 98201
- $875,000
- 2,667
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 2186150
- Price Change
- ▼ $25,000 1715992024
- Days on Market
- 155
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,667
- Area Total SqFt
- 2667
- Annual Tax Ammount
- 6703
- Lot Size (sq ft)
- 5,663
- Sewer
- Available
Property Description
9%+ Cap Rate!! Located in the heart of Everett’s residential Bayside neighborhood, this non-conforming 8 unit offers an active investor a strong cash flow return. The proximity to major employers makes the location very attractive. Four (4) of the five (5) studio units are fully furnished. Common laundry is on site and coin-operated and the garage could be rented out for additional income. Freshly painted in 2023 and roof is roughly 3-4 years old.
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Additional Information
- List Date
- 2023-12-15 19:28:15
- Community
- Rucker Hill
- Net Operating Income
- $82,861
- Gross Adjusted Income
- $108,562
- Gross Scheduled Income
- $114,276
- Total Monthly Income
- $9,523
- Insurance Expenses
- $4,718
- Water/Sewer/Garbage Expenses
- $6,660
- Gross Rent Multiplier
- 7.66
- Total Expenses
- $25,881
- Cap Rate
- 9.45
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 2023
- Potential Terms
- Cash Out, See Remarks
- Year Built
- 1910
- Roof
- Composition
- Other Expenses
- 7800
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $9,523
- Gross Scheduled Income
- $114,276
- Vacancy Rate
- 5
- Gross Adjusted Income
- $108,562
- Tax Year
- 2023
- Insurance Expense
- $4,718
- W/S/G Expenses
- $6,660
- Total Expenses
- $25,881
- Net Operating Income
- $82,861
- Gross Rent Multiplier
- 7.66
- Cap Rate
- 9.45
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