2023 Colby Ave, Everett, WA 98201

$800,000
4,552
SqFt

Listing courtesy of KW Everett.

List Price
$800,000
Status
ACTIVE
MLS#
1651186
Days on Market
23
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
4,552
Lot Size (sq ft)
5,663

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 & so much more. Almost no vacancy. Additional income through renting garage & coin op laundry.

Additional Information

List Date
2020-09-02 00:00:00
Community
Historic N Everett
Property Type
MULT
Units
9
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1910
Exterior
Wood
Roof
Composition
Site Features
Cable TV, High Speed Internet
Lot Details
Paved Street
School District
Everett
Elementary School
Hawthorne Elem
Middle School
North Mid
High School
Everett High
Total Monthly Income
$6,975
Gross Scheduled Income
$83,700
Vacancy Rate
1
Gross Adjusted Income
$82,863
Annual Taxes
$5,556
Tax Year
2019
Insurance Expense
$3,024
W/S/G Expenses
$4,500
Total Expenses
$19,152
Net Operating Income
$63,711
Gross Rent Multiplier
10
Cap Rate
8

Room Dimensions

Unit 1 Size
600
Unit 1 Rent
$900
Unit 2 Size
450
Unit 2 Rent
$825
Unit 3 Size
330
Unit 3 Rent
$750
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
1100
Unit 4 Rent
$1,200
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
800
Unit 5 Rent
$875
Unit 6 Size
122
Unit 6 Rent
$650
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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