2023 Colby Avenue, Everett, WA 98201

$900,000
2,667
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$900,000
Status
ACTIVE
MLS#
2186150
Days on Market
123
Style
55 - 5-9 Units
Finished SqFt
2,667
Lot Size (sq ft)
5,663

Property Description

9%+ Cap Rate!! Located in the heart of Everett’s residential Bayside neighborhood, this non-conforming 8 unit offers an active investor a strong cash flow return. The proximity to major employers makes the location very attractive. Four (4) of the five (5) studio units are fully furnished. Common laundry is on site and coin-operated and the garage could be rented out for additional income. Freshly painted in 2023 and roof is roughly 3-4 years old.

Additional Information

List Date
2023-12-15 19:02:09
Community
Rucker Hill
Potential Terms
Cash Out, See Remarks
Year Built
1910
Roof
Composition
School District
Everett
Total Monthly Income
$9,190
Gross Scheduled Income
$110,280
Vacancy Rate
5
Gross Adjusted Income
$104,766
Tax Year
2023
Insurance Expense
$4,495
W/S/G Expenses
$6,660
Total Expenses
$25,658
Net Operating Income
$79,108
Gross Rent Multiplier
8.16
Cap Rate
8.79
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