Everett Homes with 55 - 5-9 Units Style

Everett Homes with 55 - 5-9 Units Style

Everett: A Gem in Snohomish County, Washington

Located in Snohomish County, Washington, the city of Everett is a vibrant and thriving community that offers a high quality of life for its residents. Situated in the Pacific Northwest region of the United States, Everett is known for its natural beauty, strong economy, and diverse range of housing options.

With a population of over 110,000 people, Everett is the largest city in Snohomish County. It is home to a variety of amenities and attractions, including a bustling downtown area, numerous parks and recreational facilities, and a vibrant arts and culture scene. The city also boasts a strong education system, with several schools and colleges offering a wide range of programs.

When it comes to real estate, Everett offers a range of options to suit different preferences and budgets. One popular style of homes in the area is the 55 - 5-9 Units style. These homes are designed to cater to the needs of active adults aged 55 and above, offering a comfortable and convenient living environment. With a variety of floor plans and amenities, these homes provide a low-maintenance lifestyle while still offering the space and privacy that residents desire.

Whether you're looking for a cozy apartment or a spacious single-family home, Everett has something to offer. Its convenient location, strong community spirit, and abundance of amenities make it an ideal place to call home. So, if you're considering a move to the Pacific Northwest, be sure to explore the real estate options in Everett, Washington.

Newest Everett Homes with 55 - 5-9 Units Style

$1,150,000
2547331 MLS ⋅ ACTIVE Status
Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

$1,195,000
2547568 MLS ⋅ ACTIVE Status
Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.

2232 Hoyt Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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