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Listing 6 out of 23
$1,580,000 For Sale

3617 Hoyt Ave #1-8
Everett, WA 98201

8 units | Multi Family Home
6534 sq ft - MLS# 1393551 Courtesy of Sterling Johnston Real Estate
Property Photo
1/15

Description

1988-8 Units,Market Cap Rate 6%,Seven 2-bedroom and One 1-Bedroom.Long-term tenants,ample parking 12 spaces, 2 minutes to I-5,large floor plans & appliance package.Secured entry,dual-pane windows,vinyl siding,attractive low-maintenance landscaping,on-site laundry 2 sets washer/dryers,Easy upgrade to in-unit washer/dryers,11 storage lockers for additional income. Rent growth in Everett expected above 5%. Future appreciation,Waterfront Development expected to support 2,075 new jobs

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Snohomish County
  • Zip Code: 98201
  • Year Built: 1988
  • Subdivision/Neighborhood: Fridays First Addition To Snohomish
  • School District: Everett
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Everett High
  • Sq.Ft.: 5,630 sq ft
  • Units: 8 units
  • # of Parking Spaces: 12
  • Lot Size: 6534 sq ft
  • View: City, Mountain, Territorial
  • Area: Everett
  • Amenities: Basement, Coin Op Laundry, Storage, Thermal Windows
  • Area Number: 740
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 2
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 5.40
  • Energy Source(heat): Electric, Natural Gas
  • Exterior: Metal/Vinyl
  • Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $118560
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $124800
  • Heating/Cooling: Forced Air, Wall
  • Insurance Expenses: $2932
  • Lot Details: Alley, Curbs, Paved Street, Sidewalk
  • Net Operating Income: $85307
  • Number of Carport Spaces: 6
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 6
  • Other Expenses: $15128
  • Power Company: Pud
  • Rent Unit 1: $1370
  • Rent Unit 2: $1350
  • Rent Unit 3: $1095
  • Rent Unit 4: $1250
  • Rent Unit 5: $1375
  • Rent Unit 6: $1250
  • Roof: Composition
  • Sewer Company: City Of Everett
  • Site Features: Cable TV, Fenced-Partially
  • Square Feet Unit 1: 700
  • Square Feet Unit 2: 700
  • Square Feet Unit 3: 650
  • Square Feet Unit 4: 740
  • Square Feet Unit 5: 700
  • Square Feet Unit 6: 700
  • Total Expenses: $33253, $33253
  • Total Monthly Income: $10400
  • Vacancy Rate: 5
  • Water Company: City Of Everett
  • Water Source: Community
  • Water/Sewer/Garbage: 5043
Courtesy of Sterling Johnston Real Estate
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Keller Williams Realty Bothell are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-01-23

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Withers Team of Realtors

Kenmore, WA 98028

Phone: 425-503-5901
team@withers.com

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Alan Withers & Team | (425) 503-5901 | team@withers.com 
Kenmore, WA 98028

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