Multifamily
Westmont
1305 W Casino Rd, Everett, WA 98204
Listing Price: $6,900,000
Investment Overview
36-unit value-add apartment community located in Everett, Washington, just five minutes from Paine Field and Boeing’s main production facility. The property offers excellent connectivity to Interstates 5 and 405, State Routes 526 and 527, and Highway 99, providing convenient access to the region’s major employment hubs.
The community is comprised of three two-story residential buildings situated on 1.5 acres. Westmont has been exceptionally well-maintained, with current ownership completing several recent capital improvements to the exteriors and common areas, including new paint, landscaping, and other curb appeal projects. Fourteen of the 36 units have maintain classic finishes, presenting a value-add investment opportunity.
Westmont
Investment Highlights
- Value-Add Opportunity: Ability to capitalize on rental upside by completing renovations to the 14 classic units remaining on site.
- Recently Upgraded Common Areas: Current ownership has completed several exterior improvements, including fresh paint, updated signage, new landscaping, and a new perimeter fence.
- Large Floor Plans: One- and two-bedroom homes averaging ±825 square feet. Efficient floor plans with ample storage space, private decks or patios with storage unit, and wood-burning fireplaces.
- Close Proximity to Major Employers: Central location provides residents with access to a wide range of high-paying jobs in aerospace, technology, and healthcare. Just five minutes from Paine Field and Boeing's main production facility, the state's second-largest employer.
- Nearby Retail & Amenity Destinations: Easy access to major retail destinations including Everett Mall, Alderwood Mall, and Mill Creek Town Center, all offering a mix of national retailers, local boutiques, restaurants, and entertainment options. Everett's new 65-acre Waterfront Place Development within 10 minutes.
- Potential Portfolio Sale: Westmont can be purchased individually or as a portfolio sale with the North Haven Apartments (33 units) in Edmonds. Contact Exclusive Listing Brokers for more information.
Listing Price: $6,900,000
Investment Highlights
- Value-Add Opportunity: Ability to capitalize on rental upside by completing renovations to the 14 classic units remaining on site.
- Recently Upgraded Common Areas: Current ownership has completed several exterior improvements, including fresh paint, updated signage, new landscaping, and a new perimeter fence.
- Large Floor Plans: One- and two-bedroom homes averaging ±825 square feet. Efficient floor plans with ample storage space, private decks or patios with storage unit, and wood-burning fireplaces.
- Close Proximity to Major Employers: Central location provides residents with access to a wide range of high-paying jobs in aerospace, technology, and healthcare. Just five minutes from Paine Field and Boeing's main production facility, the state's second-largest employer.
- Nearby Retail & Amenity Destinations: Easy access to major retail destinations including Everett Mall, Alderwood Mall, and Mill Creek Town Center, all offering a mix of national retailers, local boutiques, restaurants, and entertainment options. Everett's new 65-acre Waterfront Place Development within 10 minutes.
- Potential Portfolio Sale: Westmont can be purchased individually or as a portfolio sale with the North Haven Apartments (33 units) in Edmonds. Contact Exclusive Listing Brokers for more information.
Investment Overview
36-unit value-add apartment community located in Everett, Washington, just five minutes from Paine Field and Boeing’s main production facility. The property offers excellent connectivity to Interstates 5 and 405, State Routes 526 and 527, and Highway 99, providing convenient access to the region’s major employment hubs. The community is comprised of three two-story residential buildings situated on 1.5 acres. Westmont has been exceptionally well-maintained, with current ownership completing several recent capital improvements to the exteriors and common areas, including new paint, landscaping, and other curb appeal projects. Fourteen of the 36 units have maintain classic finishes, presenting a value-add investment opportunity.
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