3319 Oakes Ave - Apartments FOR SALE


Everett, WA 98201- Port Gardner
$930,000 USD
425-422-0954
3319 Oakes Ave, Everett, WA for Sale
$930,000 USD
Apartments - FOR SALE
1/18
null | 5.5% Cap Rate

3319 Oakes Ave
Everett, WA 98201
Port Gardner


HIGHLIGHTS

  • 5.5% cap rate with basic renovations could allow for a cap rate above 8%.
  • Large garage parking spaces along with additional street parking and storage space
  • Near Amazon,Waterfront Center, Boeing, Minutes to I5,Train and bus

OVERVIEW

Featuring four spacious units, Royal Oakes offers a diverse portfolio of rental options with units ranging from 765 to 1,542 square feet, ensuring a steady stream of rental income. Situated in a sought-after area, tenants will appreciate the property’s proximity to amenities, making it an attractive rental option. With recent updates, including a fully renovated Unit C in 2023, in-unit laundry in all four units, and quality features like double-pane windows, electric forced air heat, and new hot water tanks. The property requires minimal initial investment for maintenance. Each tenant benefits from a large garage space, supplemented by additional street parking and storage, enhancing tenant satisfaction and retention. Built with durable composite cement lap siding and protected by a cedar shake roof, the property promises longevity and reduced future renovation costs.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

4

PRICE/UNIT

$232,500

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Oakes Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

UR4

APN/PARCEL ID

004390-794-009-00

ASK ABOUT THIS PROPERTY

Donna MarshallCapstone Real Estate GroupMore Info
425-422-0954

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Donna MarshallCapstone Real Estate GroupMore Info
425-422-0954

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