2023 Colby Avenue, Everett, WA 98201
- $745,000
- 4,552
- SqFt
Listing courtesy of KW Everett. Selling Office: Windermere RE North, Inc..
- Sold Price
- $745,000
- List Price
- $755,000
- Status
- SOLD
- MLS#
- 1651186
- Closing Date
- Jul 01, 2021
- Days on Market
- 206
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,552
- Area Total SqFt
- 4552
- Annual Tax Ammount
- 5556
- Lot Size (sq ft)
- 5,663
- Sewer
- Sewer Connected
Property Description
Calling all real estate investors! Are you a fan of Bigger Pockets? Massive cash flow opportunity w non conforming 8 plex. Five studios & Three one bed units. Four studios w shared bath rent fully furnished w cable, w-ifi & gross lease, are easy to rent. Nestled next to Rucker Hill, a short commute to major employers like Boeing, Naval Station, Providence, Everett Waterfront, ECC, Amazon Distribution & more. Almost no vacancy. 8.8% CAP Additional income from renting garage & coin op laundry.
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Additional Information
- List Date
- 2020-12-07 00:00:00
- Community
- Historic N Everett
- Net Operating Income
- $66,681
- Gross Adjusted Income
- $85,833
- Gross Scheduled Income
- $86,700
- Total Monthly Income
- $6,975
- Insurance Expenses
- $3,024
- Water/Sewer/Garbage Expenses
- $4,500
- Gross Rent Multiplier
- 11
- Total Expenses
- $19,152
- Cap Rate
- 8.8
- Vacancy Rate
- 1
- Total Number of Units
- 8
- Unit Name
- 2023
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1910
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 2496
- Other Expenses
- 3096
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Hawthorne Elem
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $6,975
- Gross Scheduled Income
- $86,700
- Vacancy Rate
- 1
- Gross Adjusted Income
- $85,833
- Tax Year
- 2019
- Insurance Expense
- $3,024
- W/S/G Expenses
- $4,500
- Total Expenses
- $19,152
- Net Operating Income
- $66,681
- Gross Rent Multiplier
- 11
- Cap Rate
- 8.8
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