2808 Hoyt, Everett, WA 98201
- $1,670,000
- 15,319
- SqFt
Listing courtesy of KW Everett. Selling Office: Windermere Real Estate RBI.
- Sold Price
- $1,670,000
- List Price
- $1,795,000
- Status
- SOLD
- MLS#
- 1151446
- Closing Date
- Mar 15, 2018
- Days on Market
- 217
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,319
- Area Total SqFt
- 15319
- Annual Tax Ammount
- 10116
- Lot Size (sq ft)
- 9,147
- Sewer
- Sewer Connected
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%!
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Additional Information
- List Date
- 2017-08-10 00:00:00
- Community
- Downtown
- Net Operating Income
- $125,779
- Gross Adjusted Income
- $152,868
- Gross Scheduled Income
- $157,596
- Total Monthly Income
- $13,133
- Insurance Expenses
- $3,400
- Water/Sewer/Garbage Expenses
- $4,473
- Gross Rent Multiplier
- 11
- Total Expenses
- $27,089
- Cap Rate
- 7
- Vacancy Rate
- 3
- Total Number of Units
- 9
- Unit Name
- 2808
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1915
- Roof
- Built-Up
- Site Features
- Cable TV, Disabled Access, Gas Available, Gated Entry, High Speed Internet, RV Parking
- Other Expenses
- 9100
- 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
- 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
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