2414 Hoyt Avenue, Everett, WA 98201
- $800,000
- 5,604
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: North Pacific Properties.
- Sold Price
- $800,000
- List Price
- $820,000
- Status
- SOLD
- MLS#
- 1311382
- Closing Date
- Sep 21, 2018
- Days on Market
- 32
- Style
- 56 - 10+ Units
- Finished SqFt
- 5,604
- Area Total SqFt
- 5604
- Annual Tax Ammount
- 11378
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
16 Unit Rooming House located in the desirable Bayside neighborhood of Everett. The property is located one-minute north of downtown Everett. The property is currently operated as a 16 unit rooming house. The property has development upside with its dense multi-family zoning as well as potential value add opportunities such as raising rents to market and/or renovating units to achieve higher returns.
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Additional Information
- List Date
- 2018-08-20 00:00:00
- Community
- Downtown
- Net Operating Income
- $52,044
- Gross Adjusted Income
- $94,080
- Gross Scheduled Income
- $96,000
- Total Monthly Income
- $8,000
- Insurance Expenses
- $4,222
- Water/Sewer/Garbage Expenses
- $11,436
- Gross Rent Multiplier
- 8
- Total Expenses
- $42,036
- Cap Rate
- 6.4
- Vacancy Rate
- 2
- Total Number of Units
- 19
- Unit Name
- 2414
- Potential Terms
- Cash Out
- Year Built
- 1910
- Roof
- Composition
- Other Expenses
- 15000
- School District
- Everett
- Total Monthly Income
- $8,000
- Gross Scheduled Income
- $96,000
- Vacancy Rate
- 2
- Gross Adjusted Income
- $94,080
- Tax Year
- 2018
- Insurance Expense
- $4,222
- W/S/G Expenses
- $11,436
- Total Expenses
- $42,036
- Net Operating Income
- $52,044
- Gross Rent Multiplier
- 8
- Cap Rate
- 6.4
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