2414 Hoyt Ave - Apartments FOR SALE


Everett, WA 98201- Bayside
$2,795,000 USD
206-818-0378
2414 Hoyt Ave, Everett, WA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/7
null | 5.86% Cap Rate

2414 Hoyt Ave
Everett, WA 98201
Bayside


HIGHLIGHTS

  • Seller financing available
  • Extensive renovations throughout
  • New high-end appliances
  • Updated security and electric features throughout building

OVERVIEW

This 16-unit studio apartment complex has been extensively modernized while retaining its original character. The unit mix includes three studios with full kitchens and thirteen studios with mini-kitchens, each outfitted with a refrigerator, Breville microwave, and granite-accented sink. Comprehensive renovations include new plumbing throughout, fully updated kitchens and baths, a recirculating hot water system, building-wide electrical replacement, a new roof and windows, renovated common areas, and state-of-the-art laundry equipment. Security and convenience upgrades, such as locking mailboxes and cameras, further enhance the property. Together, these improvements significantly reduce future capital expenditure requirements, positioning the building for stable long-term performance. One of the property’s standout benefits is the opportunity for Seller Financing.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

16

PRICE/UNIT

$174,688

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

UR-4, Everett

APN/PARCEL ID

005171-554-025-00

ASK ABOUT THIS PROPERTY

Ted WoodSperry Commercial Global Affiliates - CapstoneMore Info
206-818-0378

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Ted WoodSperry Commercial Global Affiliates - CapstoneMore Info
206-818-0378

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