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Video
Map
Listed by: Travis Kannier, Westlake Associates, Inc., 206-505-9400, Listing Courtesy of NWMLS
$875,000
●
Multifamily -
Off Market
2023 Colby Avenue
Everett, WA 98201
Studio
0 Bath
$4,855
Estimated Monthly
1.43%
Cap Rate
About This Property
9%+ Cap Rate!! Located in the heart of Everett's residential
Bayside neighborhood, this non-conforming 8 unit offers an active
investor a strong cash flow return. The proximity to major
employers makes the location very attractive. Four (4) of the five
(5) studio units are fully furnished. Common laundry is on
site and coin-operated and the garage could be rented out for
additional income. Freshly painted in 2023 and roof is roughly 3-4
years old.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$559
HOA Dues
-
Year Built
1910
Last updated: 12 days ago (NWMLS #NWM2186150)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 12, 2024 | No longer available | - | |
No longer available | |||
May 17, 2024 | Price Decreased |
$875,000
↓ $25K
(2.8%)
|
|
Price Decreased | |||
Dec 15, 2023 | Listed by Westlake Associates, Inc. | $900,000 | |
Listed by Westlake Associates, Inc. | |||
Jul 1, 2021 | Sold | $745,000 | |
Sold | |||
Jul 14, 2006 | Sold to Audrey M Wilde, Ronald Rf W... | $485,000 | |
Sold to Audrey M Wilde, Ronald Rf W... |
Show More
Property Highlights
Parking Details
Covered Spaces: 1
Total Number of Parking: 1
Interior Details
Interior Information
Interior Features: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
Flooring Type: Laminate, Vinyl Plank, Carpet
Exterior Details
Property Information
Square Footage Source: Snohomish County
Style Code: 55 - 5-9 Units
Property Type: Residential Income
Property Sub Type: Multi-Family
Year Built: 1910
Energy Source: Electric
Building Information
Structure Type: Multi Family
Building Area Total: 2667
Building Area Units: Square Feet
Roof: Composition
Exterior Information
Exterior Features: Wood
Lot Information
Lot Size Source: Snohomish County
Zoning Jurisdiction: City
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Elevation Units: Feet
Financial Details
Tax Year: 2023
Tax Annual Amount: $6,703
Utilities Details
Heating: Yes
Sewer : Available
Location Details
Directions: On I-5 N, take exit 192 to Broadway. Turn left onto 23rd St. Turn right onto Colby Ave heading north. Site is on the right.
Other Details
On Market Date: 2023-12-15
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$1,000,000
May 1, 2024
$1,000,000
May 1, 2024
$727/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/02/2020
|
|
Loft
|
-
|
4552 ft²
|
$800,000
Loft
-
4552 ft²
|
$745,000
-6.88%
07/01/2021
|
-
|
Joe Platz
Keller Williams - Everett
|
05/16/2005
|
|
Studio
|
-
|
-
|
$279,950
Studio
-
|
$279,500
-0.16%
07/09/2005
|
-
|
Barbara Lamoureux
Lamoureux Real Estate
|
Building Info
![2023 Colby Avenue](https://photos.realtyhop.com/p/s/990x990/28738701_d65ac9ec1a63073b2e71ce80510963e897cde6463864edeaa5267e2fc8960878.webp)