2423 Rucker Ave, Everett, WA 98201

$1,390,000
5,166
SqFt

Listing courtesy of Keller Williams Rlty Bellevue.

List Price
$1,390,000
Status
ACTIVE
MLS#
1719246
Days on Market
39
Style
55 - 5-9 Units
Building Condition
['Average']
Finished SqFt
5,166
Lot Size (sq ft)
6,098

Property Description

Rare Everett opportunity. This 9 unit 100% occupied building consists of 3 studios, 4 one bedrooms and 2 two bedrooms one of which has been renovated. Coin operated laundry and a Garage can easily be converted to a large 10th unit. Rents have not been increased in many years and are far below market. Current monthly rent total is $7265 With upgrades and increases you could easily reach rents of $10,500 per month. This Rucker area is in the middle of renewal project which will promote redevelopment and increased property values. Displayed rents are proforma based on comparable rents in the area.

Additional Information

List Date
2021-01-20 00:00:00
Community
Historic N Everett
Property Type
MULT
Units
9
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1910
Total Parking
14
Uncovered Parking
11
Exterior
Brick, Wood, Wood Products
Roof
Flat
Lot Details
Community Golf Cours, Paved Street, Sidewalk
School District
Everett
Gross Scheduled Income
$107,880
Vacancy Rate
1
Gross Adjusted Income
$106,801
Annual Taxes
$9,429
Tax Year
2020
Insurance Expense
$3,000
W/S/G Expenses
$3,100
Net Operating Income
$89,901
Gross Rent Multiplier
16
Cap Rate
6

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
375
Unit 1 Rent
$795
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
300
Unit 2 Rent
$695
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
300
Unit 3 Rent
$500
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
450
Unit 4 Rent
$825
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
450
Unit 5 Rent
$825
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
450
Unit 6 Rent
$825
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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