Bayside Homes with 55 - 5-9 Units Style

Bayside Homes with 55 - 5-9 Units Style

Welcome to Bayside, a charming subdivision nestled in the heart of Everett, Washington, within the picturesque Snohomish County. This vibrant community is a hidden gem, where the beauty of nature meets the convenience of urban living. With its proximity to the stunning Puget Sound and the majestic Cascade Mountains, Bayside offers residents a unique blend of outdoor adventure and city amenities.

Bayside is characterized by its delightful homes, particularly those designed in the 55 - 59 units style. These residences embody a sense of community and comfort, featuring spacious layouts that cater to both families and individuals. The homes are thoughtfully designed with modern finishes and ample living space, making them perfect for entertaining or simply relaxing after a long day. Many properties also boast beautiful landscaping and outdoor areas, allowing residents to enjoy the serene surroundings.

Living in Bayside means you’ll have access to a variety of local attractions, including parks, shopping centers, and dining options that cater to all tastes. The community is also well-connected, with easy access to major highways and public transportation, making commuting a breeze.

Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Bayside offers a welcoming atmosphere and a strong sense of community. Discover the joys of living in this enchanting subdivision where every day feels like a getaway. Come explore Bayside, where your dream home awaits!

Newest Bayside Homes with 55 - 5-9 Units Style

$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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