Riverside Homes with 55 - 5-9 Units Style

Riverside Homes with 55 - 5-9 Units Style

Welcome to Riverside, a vibrant neighborhood nestled in the heart of Everett, Washington. Known for its picturesque landscapes and friendly community atmosphere, Riverside is a hidden gem that offers both tranquility and convenience. This charming area is bordered by the scenic Snohomish River, providing residents with stunning views and ample opportunities for outdoor recreation. Whether you enjoy hiking, biking, or simply relaxing by the water, Riverside has something for everyone.

As you explore the neighborhood, you'll find a diverse array of homes, particularly the appealing 55-59 unit style residences. These homes embody a perfect blend of modern amenities and classic charm, making them ideal for families, professionals, and retirees alike. With spacious layouts and thoughtful designs, these units foster a sense of community while providing the privacy and comfort you desire. Many of these homes also feature beautiful outdoor spaces, perfect for enjoying the mild Washington weather.

Riverside is also conveniently located near essential amenities, including shopping centers, schools, and parks. The local schools are highly regarded, offering quality education and a nurturing environment for children. Additionally, the neighborhood's proximity to major highways and public transport makes commuting to Seattle and surrounding areas a breeze.

In Riverside, you’ll experience a warm, welcoming community where neighbors become friends and every day feels like a retreat. If you’re looking for a place that combines the beauty of nature with the conveniences of city living, Riverside is the perfect choice for your next home. Come discover the charm of Riverside today!

Newest Riverside 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.

Start Your Search
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.