Listing Provided Courtesy Of:
Lee & Associates Commercial RE and NWMLS
Address
1532 Walnut Street Everett, WA
Price
$ 1,350,000
Property Attributes
  • ID#1867502
  • TypePending
  • CountySNOHOMISH
  • CityEverett
  • AreaEverett-Mukilteo
  • NeighborhoodEverett
  • Zip98202
  • Style5-9 Units
  • Year Built1919
  • Taxes$ 7858
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4200
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Lee & Associates Commercial RE and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Fully renovated 7-unit apartment building offering all one-bedroom one-bath units. Over $265,000 in completed renovation makes Whistwood a turnkey, low-maintenance, cash-flow investment with 21% upside in income through nominal rent increases and RUBS implementation. The opportunity to acquire 7 units at a 5.39% CAP rate and take it to a 6.40% provides a rare opportunity in today's ultra-competetive multifamily marketplace. Additionally, a qualified buyer may assume the current loan with a down payment of approximately 25%. A new interest-only loan has the potential to increase cash-flow to nearly $40K/yr+.

Price History
11/24/2021 Listed $1,350,000

General Features

Amenities Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Everett
County Snohomish
Directions 1-5 N, exit 195. Turn left onto E Marine View Drive. Turn left on 16th Street. Turn right onto Walnut Street. Property is on the left corner lot.
Exterior Features Wood, Wood Products
Flooring Vinyl Plank
High School District Everett
Insurance Expense 2100
Leasable Area 3160
Lot Size Square Feet 4356
MLS Area 740 - Everett/Mukilteo
Net Operating Income 72823
New Construction No
Open Parking Spaces 6
Possession Closing
Possible Use Multi-Family, Residential
Property Style 55 - 5-9 Units
Property SubType Multi-Family
Property Type Residential Income
Roof Built-Up
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name Walnut
Structure Type Multi Family
Subdivision Name Everett
Tax Annual Amount 7858
Tax Year 2021
Terms Assumable, Cash Out, Conventional
Total Units 7
Units Below Grade false
Units In Building Total 7
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 7862
Year Built 1919
Zoning Class Multi-Family, Residential

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 4200
Covered Spaces 1
Irrigation Water Rights Y/N No
Lot Size Acres 0.1
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 6
Total Parking 7
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98202

Price
AVG $1.35M
$1.35M
Taxes
AVG $7,858
$7,858
Visits
AVG 8
7
Year Built
AVG 1919
1919
Walkscore
AVG 56
56
Data Provided by Walkscore ® not using MLS data

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