3829 Colby Ave

    Everett, WA 98201
    • $1,798,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: 1576164
    UPDATED: 36 min ago
    $1,798,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Capstone Commercial.

    Description

    This 1975 remodeled 10 unit offers a great investment opportunity for a qualified investor. The building has been well managed by the current owner for 30 plus years and most units have below market rents, allowing an investor to create rental upside on the impeccable work of the current owner. Tenants enjoy covered garage parking. Storage units for additional income. Alley access. Manicured landscaping.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T13:15:25.86.

    www.iconrealestategroup.com/homes/104028421

    3829 Colby Ave Everett, WA 98201

    • Price: $1,798,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 1576164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1975
    Built
    Neighborhood:
    Everett
    County:
    Snohomish
    Area:
    Everett/Mukilteo
    School District:
    Everett
    Property Description
    This 1975 remodeled 10 unit offers a great investment opportunity for a qualified investor. The building has been well managed by the current owner for 30 plus years and most units have below market rents, allowing an investor to create rental upside on the impeccable work of the current owner. Tenants enjoy covered garage parking. Storage units for additional income. Alley access. Manicured landscaping.
    Exterior Features

    Building Condition Good Carport Spaces 5 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyCorner LotCurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 9 Uncovered Spaces 4 View MountainTerritorial

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 464 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 464 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 464 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 464 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 464 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 464 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorageThermal Windows Bank Owned No Cap Rate 5.40 Electrical Expenses 696 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 137958 Gross Rent Multiplier 15 Gross Scheduled Income 131400 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4022 Leased Items None Net Operating Income 107314 New Construction YN No Other Expenses 9672 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 11360 Tax Year 2020 Terms Cash Out Third Party Approval Required None Total Expenses EXP 30644 Total Expenses TEX 30644 Total Monthly Income 10950 Unit1 Monthly Rent 1095 Unit2 Monthly Rent 1095 Unit3 Monthly Rent 1095 Unit4 Monthly Rent 1095 Unit5 Monthly Rent 1095 Unit6 Monthly Rent 1095 Vacancy Rate 3 Water Sewer Garbage 4896

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Icon Real Estate Group and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T13:15:25.86.

     
    Icon Real Estate Group
    10216 SE 256th St, Suite #255
    Kent WA, 98030
    Listing Courtesy of Capstone Commercial.