Bayside Homes with Good Building Condition

Bayside Homes with Good Building Condition

Welcome to Bayside, a charming neighborhood nestled in the heart of Everett, Washington. Known for its picturesque surroundings and convenient location, Bayside offers residents a peaceful retreat while still being close to all the amenities of city life.

Located in Snohomish County, Bayside is a sought-after community for those looking for homes with good building conditions. The well-maintained properties in this area are a testament to the pride of homeownership in Bayside. From cozy bungalows to spacious family homes, you'll find a variety of housing options that are not only aesthetically pleasing but also structurally sound.

Living in Bayside means enjoying a tranquil atmosphere with tree-lined streets and manicured lawns. The neighborhood exudes a sense of community, making it a great place to raise a family or settle down. With easy access to parks, schools, shopping, and dining, Bayside offers the perfect blend of suburban charm and urban convenience.

Whether you're a first-time homebuyer or looking to upgrade to a larger space, Bayside has something for everyone. Explore the real estate opportunities in this desirable neighborhood and discover the beauty and comfort that Bayside has to offer. Come home to Bayside, where quality homes and a welcoming community await you.

Newest Bayside Homes with Good Building Condition

$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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