2808 Hoyt, Everett, WA 98201

$1,795,000
15,319
SqFt

Listing courtesy of KW Everett.

List Price
$1,795,000
Status
ACTIVE
MLS#
1151446
Price Change
▼ $80,000 1510115950
Days on Market
201
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
%
Term of Loan
Years

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

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