Multifamily

Rockefeller Tri-Plex

Listing Price: $575,000

Cap Rate
4.46%
Number of Units
3
Price/Unit
$191,667
Price/Gross SF
$218.47
Gross SF
2,632

Investment Overview

Marcus & Millichap is pleased to present to you the Rockefeller Tri-Plex. A 3-unit apartment community located in Everett, WA, this 1990 built property features all 2-bedroom 1-bathroom units ranging from 826-940sqft. The property has been owned by the same owner for over twenty years, and throughout that time period has been meticulously maintained. The units feature carpet flooring in the living room and bedrooms, and faux tile in the kitchens and bathrooms. The kitchens come equipped with white appliances, including dishwashers, electric range, and refrigerator. The cabinets are light wood and the countertops are laminate. Each unit has its own private garage and two additional off-street parking spots that are accessible via an ally-way behind the building. Rents have been kept below market to keep vacancy and turnover low, creating a perfect opportunity for an investor to come in and renovate the units, and raise rents to the competitive market rate.

Investment Highlights

  • Large 2 bedroom 1 bathroom units
  • Private garages for each unit
  • Additional off street parking
  • Alleyway access
  • Below market rents
  • Unrenovated units

Exclusively Listed By

Listing Price: $575,000

Cap Rate
4.46%
Number of Units
3
Price/Unit
$191,667
Price/Gross SF
$218.47
Gross SF
2,632

Investment Highlights

  • Large 2 bedroom 1 bathroom units
  • Private garages for each unit
  • Additional off street parking
  • Alleyway access
  • Below market rents
  • Unrenovated units

Investment Overview

Marcus & Millichap is pleased to present to you the Rockefeller Tri-Plex. A 3-unit apartment community located in Everett, WA, this 1990 built property features all 2-bedroom 1-bathroom units ranging from 826-940sqft. The property has been owned by the same owner for over twenty years, and throughout that time period has been meticulously maintained. The units feature carpet flooring in the living room and bedrooms, and faux tile in the kitchens and bathrooms. The kitchens come equipped with white appliances, including dishwashers, electric range, and refrigerator. The cabinets are light wood and the countertops are laminate. Each unit has its own private garage and two additional off-street parking spots that are accessible via an ally-way behind the building. Rents have been kept below market to keep vacancy and turnover low, creating a perfect opportunity for an investor to come in and renovate the units, and raise rents to the competitive market rate.

Exclusively Listed By

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