Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current 4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago. Amenities including secure building access, private decks, professional landscaping, an elevator for easy accessibility, and two ADA-compliant units. 14 garage parking stalls, additional guest parking, ample off-street parking, and two coin-operated laundry rooms. A strategically located investment gem in North Everett near the Everett Waterfront, Everett Station, Everett Community College, Boeing, and the Naval Station. Located 25 miles north of Seattle, Everett is the county seat of Snohomish County and the fifth largest city in the Puget Sound area. The largest public marina on the west coast of the United States is located in Everett , as is a US Navy Homeport (Naval Station Everett), and Boeing’s Everett factory, which is the largest building in the world by volume. Incorporated in 1893, the city of Everett is populated today with an estimated 113,011 people (2024). Significantly more affordable than Seattle, yet still close to major employment and entertainment centers. The primary driver of development in Everett, WA is population growth in the Puget Sound region. Everett, has experienced substantial job growth, particularly in the technology and aerospace sectors. EVERETT'S 2044 COMPREHENSIVE PLAN The Everett 2044 Comprehensive Plan is a significant update to the city's long- term development strategy, adopted by the City Council on June 18, 2025. The plan directs most new growth towards the downtown core, areas near high-capacity transit stops, and major arterial streets like Broadway. Regional growth targets aim to accommodate a total of 179,200 people, 85,600 housing units, and 167,200 jobs by 2044. Significant multifamily development within a half mile of Royal Oakes includes 3430 Broadway (in the process of being rezoned as par t of Everett 2044, allowing for 7 to 11+ story buildings to meet forecasted housing needs) Available to purchase with a fourplex next door 3319 Oakes $950k combined flyer in documents. Individual 12 Unit OM available upon request. Total Combined Price $3,130,000