3721 Hoyt Avenue Everett WA 98201 MLS #NWM2159564

Listing Provided Courtesy of Kidder Mathews
A great opportunity to own a fully turn key property in Everett! Fully Renovated 5 Unit in the great neighborhood of Port Gardner. A healthy unit mix consisting of four 2×1’s all 960 sqft and one 3×2 at 1,160 sqft. There are 8 parking spots with 2 covered and secure entrances to units. Almost $300,000 of capital expenses have been put into the property with top of the line materials. 5 minute drive from DT Everett with several amenities, restaurants, and retail within walking distances. This property offers an immediate return with a cap rate at 5.2% with a market cap rate of 5.8% A solid investment for an investor looking for a turn key property low maintenance property.

Property Details

Price:
$1,750,000
MLS #:
NWM2159564
Status:
Active
Beds:
0
Baths:
0
Address:
3721 Hoyt Avenue
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Everett
City:
Everett
Listed Date:
Sep 7, 2023
State:
WA
Finished Sq Ft:
4,960
ZIP:
98201
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1987
Units:
5

Schools

School District:
Everett

Interior

Cooling
None
Flooring
Vinyl Plank, Carpet
Heating
Forced Air

Exterior

Exterior Features
Wood
Parking Spots
8
Roof
Composition

Financial

Buyer Agent Compensation
2%
Net Operating Income
$90,896
Tax Year
2023
Taxes
$8,327

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