Multifamily

32nd & Oakes

1819 32nd St, Everett, WA 98201

Listing Price: $600,000

Cap Rate
5.18%
Number of Units
2
Occupancy
100.00%
Price/Unit
$300,000
Price/Gross SF
$171.72
Gross SF
3,494

Investment Overview

32nd & Oakes is comprised of two adjacent buildings located in a quiet residential corridor just blocks from the main arterials of downtown Everett. The property is comprised of 1 (one) four-bedroom/1.5-bathroom unit, and 1 (one) one-bedroom/one-bathroom loft. The property has been well maintained and features luxury vinyl plank flooring, a modern paint scheme with white trim, full kitchen rehabs, and a vibrant exterior modernization including a central courtyard. The property is well positioned for a light value-add, with room for additional capital improvements including the completion of a partially finished basement, leading to further rental income. The property is surrounded by an extensive list of surrounding grocers, cafés, bars, and restaurants in downtown Everett yet still maintains the private residential atmosphere of the north Port Gardner neighborhood. Located on the southeast corner of 32nd Street and Oakes Street, the property is surrounded by several new residential and mixed-use developments.

Investment Highlights

  • Potential to complete partially finished basement for additional rental income
  • Well maintained and features luxury vinyl plank flooring, a modern paint scheme with white trim, full kitchen rehabs, and a vibrant exterior modernization including a central courtyard
  • Value-add opportunity

Exclusively Listed By

Listing Price: $600,000

Cap Rate
5.18%
Number of Units
2
Occupancy
100.00%
Price/Unit
$300,000
Price/Gross SF
$171.72
Gross SF
3,494

Investment Highlights

  • Potential to complete partially finished basement for additional rental income
  • Well maintained and features luxury vinyl plank flooring, a modern paint scheme with white trim, full kitchen rehabs, and a vibrant exterior modernization including a central courtyard
  • Value-add opportunity

Investment Overview

32nd & Oakes is comprised of two adjacent buildings located in a quiet residential corridor just blocks from the main arterials of downtown Everett. The property is comprised of 1 (one) four-bedroom/1.5-bathroom unit, and 1 (one) one-bedroom/one-bathroom loft. The property has been well maintained and features luxury vinyl plank flooring, a modern paint scheme with white trim, full kitchen rehabs, and a vibrant exterior modernization including a central courtyard. The property is well positioned for a light value-add, with room for additional capital improvements including the completion of a partially finished basement, leading to further rental income. The property is surrounded by an extensive list of surrounding grocers, cafés, bars, and restaurants in downtown Everett yet still maintains the private residential atmosphere of the north Port Gardner neighborhood. Located on the southeast corner of 32nd Street and Oakes Street, the property is surrounded by several new residential and mixed-use developments.

Exclusively Listed By

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