2808 Hoyt, Everett, WA 98201

$1,670,000
15,319
SqFt

Listing courtesy of KW Everett. Selling Office: .

Sold Price
$1,670,000
List Price
$1,795,000
Status
SOLD
MLS#
1151446
Closing Date
Mar 15, 2018
Days on Market
243
Style
56 - 10+ Units
Building Condition
['Remodeled']
Finished SqFt
15,319
Lot Size (sq ft)
9,147

Property Description

7% CAP on this downtown Everett mixed-use investment property. Acquire a cash flow property w/B3 zoning allowing great redevelopment potential. Current tenant mix incl. 5 residential apartments on upper level, fully renovated naturopathic clinic on main level & self-storage on ally level. Tax parcel 00439166902200 (2-level parking garage) is included in sale. Puget Sound & mountains views. Neighboring parcels have redeveloped. Scheduled increases over next 12 months bring CAP to 7.5%!

Additional Information

List Date
2017-07-05 00:00:00
Community
Downtown
Property Type
MULT
Units
33
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1915
Total Parking
26
Uncovered Parking
13
Exterior
Cement/Concrete
Roof
Built-Up
Site Features
['Cable TV', 'Disabled Access', 'Gas Available', 'Gated Entry', 'High Speed Internet', 'RV Parking']
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$13,133
Gross Scheduled Income
$157,596
Vacancy Rate
3
Gross Adjusted Income
$152,868
Annual Taxes
$10,116
Tax Year
2017
Insurance Expense
$3,400
W/S/G Expenses
$4,473
Total Expenses
$27,089
Net Operating Income
$125,779
Gross Rent Multiplier
11
Cap Rate
7

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
700
Unit 1 Rent
$750
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$795
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$795
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
700
Unit 4 Rent
$825
Unit 5 Baths
1.00
Unit 5 Size
350
Unit 5 Rent
$350
Unit 6 Beds
26
Unit 6 Rent
$1,868

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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