109 W Casino Rd - Apartments FOR SALE


Everett, WA 98204- Westmont
$900,000 USD
425-422-7931
109 W Casino Rd, Everett, WA for Sale
$900,000 USD
Apartments - FOR SALE
1/18
null | 5.65% Cap Rate

109 W Casino Rd
Everett, WA 98204
Westmont


HIGHLIGHTS

  • 2024: New roof, fresh exterior paint, fully rehabbed decks & railings, and upgraded vinyl windows.
  • Indeed lists 5,883 Amazon jobs in Everett, including warehouse and logistics roles (indeed.com).
  • Boeing Everett Factory (~30,000 employees) across Paine Field—major source of workforce housing demand

OVERVIEW

?? Best-Priced Fourplex in Snohomish County – Fully Occupied & Updated! Tired of chasing deals with no upside? Here’s your chance to own a clean, cash-flowing fourplex with major capital improvements and long-term tenants. ? All 2BD/1BA units, approx. 850 SF each ? New roof (2024) ? Fresh exterior paint (2024) ? Upgraded vinyl windows ? Rebuilt decks & railings (2024) ? Common laundry + utility bill-back for water ?? 100% occupancy with long-term tenants ?? Rents are well below market – tons of upside ?? Located in high-demand Snohomish County ?? Tenants reimburse for water via RUBS = increased NOI This is a true value-add opportunity with the heavy lifting already done. Best price per door in the area—perfect for investors looking for stability today and growth tomorrow.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canelina Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R-3, Everett

APN/PARCEL ID

003935-000-030-05

ASK ABOUT THIS PROPERTY

Corey CrainKeller Williams Commercial Real EstateMore Info
425-422-7931

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Corey CrainKeller Williams Commercial Real EstateMore Info
425-422-7931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.