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Multifamily

Hoyt Avenue Apartments

4122 Hoyt Ave, Everett, WA 98203

Listing Price: $3,200,000

Cap Rate
4.62%
Number of Units
16
Occupancy
97.0%
Price/Unit
$200,000

Investment Overview

Located at 4122-4126 Hoyt Avenue, Everett, is a 16-unit value add opportunity comprised of all one-bedroom/one-bath units at 560 square feet with identical floorplans throughout all units. Hoyt Avenue Apartments also features a full onsite parking lot with a 1:1 ratio and two laundry rooms situated at the top of each floor. The buildings have been with the current ownership since 2004 and offers investors the opportunity to acquire a well maintained but underutilized property in the heart of Everett. With market rents at an average of $1250 for one-bedroom/one-bath units, Hoyt Avenue Apartments are renting $300-$400 below market average.

Investment Highlights

  • 16-units value add
  • Rents more than 20% below market
  • Same ownership for 20 years
  • New value add opportunity

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Multifamily

Hoyt Avenue Apartments

Listing Price: $3,200,000

Cap Rate
4.62%
Number of Units
16
Occupancy
97.0%
Price/Unit
$200,000

Investment Highlights

  • 16-units value add
  • Rents more than 20% below market
  • Same ownership for 20 years
  • New value add opportunity

Investment Overview

Located at 4122-4126 Hoyt Avenue, Everett, is a 16-unit value add opportunity comprised of all one-bedroom/one-bath units at 560 square feet with identical floorplans throughout all units. Hoyt Avenue Apartments also features a full onsite parking lot with a 1:1 ratio and two laundry rooms situated at the top of each floor. The buildings have been with the current ownership since 2004 and offers investors the opportunity to acquire a well maintained but underutilized property in the heart of Everett. With market rents at an average of $1250 for one-bedroom/one-bath units, Hoyt Avenue Apartments are renting $300-$400 below market average.

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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