1511 23rd Street, Everett, WA 98201
- $1,520,000
Listing courtesy of KW Everett. Selling Office: KW Everett.
- Sold Price
- $1,520,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 1099125
- Closing Date
- Jun 26, 2017
- Days on Market
- 59
- Style
- 56 - 10+ Units
- Building Condition
- Average
- Annual Tax Ammount
- 16447
- Lot Size (sq ft)
- 16,533
- Sewer
- Sewer Connected
Property Description
Mixed use property with 10 residential units and4 commercial units. 15 Off-Street Parking spaces. R4 Zoning will allow for apartment building of up to 8 stories. Estimated $4000 per month positive cash flow with seller terms while permitting new 8 story building. Great location at north end of growing Colby Business District. Rents on residential are below market. Some long term tenants.
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Additional Information
- List Date
- 2017-04-28 00:00:00
- Community
- Downtown
- Net Operating Income
- $150,083
- Gross Adjusted Income
- $181,584
- Gross Scheduled Income
- $185,290
- Total Monthly Income
- $15,490
- Insurance Expenses
- $13,600
- Water/Sewer/Garbage Expenses
- $3,636
- Gross Rent Multiplier
- 11
- Total Expenses
- $35,207
- Cap Rate
- 9
- Vacancy Rate
- 2
- Total Number of Units
- 14
- Unit Name
- 1511
- Potential Terms
- Owner Financing
- Year Built
- 1900
- Roof
- Composition, Flat
- Site Features
- Cable TV, Gas Available, High Speed Internet, Outbuildings
- Electric Expenses
- 1524
- School District
- Everett
- Total Monthly Income
- $15,490
- Gross Scheduled Income
- $185,290
- Vacancy Rate
- 2
- Gross Adjusted Income
- $181,584
- Tax Year
- 2017
- Insurance Expense
- $13,600
- W/S/G Expenses
- $3,636
- Total Expenses
- $35,207
- Net Operating Income
- $150,083
- Gross Rent Multiplier
- 11
- Cap Rate
- 9
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