See all 36 photos

Listed by:Opal Blue Real Estate, LLC • Grant Fosheim

$1,195,000

Est. payment - /mo

Save Virtual Tour

5 Beds

5 Baths

3,070 SqFt

Active

2232 Hoyt AVE Everett, WA 98201

Save Virtual Tour

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Henry Jamerson

[email protected] +1(206) 839-6096

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,070 sqft

Price per Sqft $389

Subdivision Downtown

MLS Listing ID 2547568

Style 55 - 5-9 Units

Bedrooms 5

Year Built 1905

Annual Tax Amount $6,003

Lot Size 6,098 Sqft

Property Sub-Type Multi Family

Property Description

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.

Location

State WA

County Snohomish

Area 740 - Everett/Mukilteo

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood

Garage Spaces 2.0

Amenities Available Fenced-Partially, Outbuildings

View Y/N Yes

View Bay, City, Islands, Jetty, Mountains, Ocean, Sea, Territorial

Roof Type Composition,Flat

Building

Lot Description Corner Lot, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Everett

Others

Senior Community No

Acceptable Financing Cash, Farm Home Loan

Listing Terms Cash, Farm Home Loan

Virtual Tour https://youtu.be/4rhxq1Ak6So?si=Q8I_6ID8V-DdzhmE

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

/monthly

Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Pets

Public Services & Government

Local Media

Education

Stadium of Thai Restaurant

2011 Hewitt Ave, Everett, WA 98201

Phone: 425-257-9766
Amante Pizza & Pasta

1409 Hewitt Ave, Everett, WA 98201

Pizza Phone: 425-512-8803
Petite Sweet Bakery

2613 Colby Ave, Everett, WA 98201

Bakeries Phone: 425-258-1800
Colby Diner

2720 Colby Ave, Everett, WA 98201

Burgers Phone: 425-252-7419
Taco Del Mar

1723 Hewitt Ave, Everett, WA 98201

Mexican Phone: 425-303-0300
Sidekicks Grill & Lounge

1709 Hewitt Ave, Everett, WA 98201

American (New) Phone: 425-252-8358
McDonald’s

2001 Everett Ave, Everett, WA 98201

Burgers Phone: 425-252-8148
Jasmine Thai Cuisine

2725 Colby Ave, Everett, WA 98201

Thai Phone: 425-374-5137
Oishi Teriyaki

2030 Broadway, Everett, WA 98201

Japanese Phone: 425-259-2205
Burger King

2424 Broadway, Everett, WA 98201

Burgers Phone: 425-258-2868
Curry Bistro

1907 A Hewitt Ave, Everett, WA 98201

Indian Phone: 425-258-2900
Long John Silver’s

2702 Broadway, Everett, WA 98201

Seafood Phone: 425-252-2264
Beary Special Espresso & Grill

2818 Wetmore Ave, Everett, WA 98201

Phone: 425-257-3005
Ynot Sports Pub & Grub

2015 Hewitt Ave, Everett, WA 98201

Sports Bars Phone: 425-265-9668
Brooklyn Bros Pizzeria

1919 Hewitt Ave, Everett, WA 98201

Pizza Phone: 425-258-6900
Ole Soul Southern Creole

1105 Hewitt Ave, Everett, WA 98201

Southern Phone: 425-320-9626
Romio’s Pizza & Pasta

2803 Colby Ave, Everett, WA 98201

Italian Phone: 425-252-0800
Po Boys Wings

1711 Hewitt Ave, Everett, WA 98201

American (Traditional) Phone: 425-212-9151
La Flor De Loroco

1717 Hewitt Ave, Everett, WA 98201

Mexican Phone: 425-252-2288
Sol Food Bar & Grill

1405 Hewitt Ave, Everett, WA 98201

Latin American Phone: 425-252-6768
Pho Everett

1717 Hewitt Ave, Everett, WA 98201

Vietnamese Phone: 425-259-9857
Sub Shop

2017 19th St, Everett, WA 98201

Sandwiches Phone: 425-259-3107
North Star Cafe

2727 Colby, Everett, WA 98201

Phone: 425-740-3875
Papas Mexican Grill

1909 Hewitt Ave, Everett, WA 98201

American (New) Phone: 425-249-2812
The Sisters

2804 Grand Ave, Everett, WA 98201

Sandwiches Phone: 425-252-0480
Wendy’s

2510 Broadway, Everett, WA 98201

Fast Food Phone: 425-259-5222
Sno-Isle Natural Foods Co-Op

2804 Grand Ave, Everett, WA 98201

Grocery Phone: 425-259-3798
Z’s Burgers

2811 Colby Ave, Everett, WA 98201

Burgers Phone: 425-252-7418
Gyro Cave

2718 Colby Ave, Everett, WA 98201

Greek Phone: 425-903-4172
Taco Bell

2727 Broadway St, Everett, WA 98201

Tex-Mex Phone: 425-252-3325
The All American Galley

Fletcher Way, Everett, WA 98201

American (New)
A Pizza House

2625 Colby Ave, Everett, WA 98201

Pizza Phone: 425-252-5555

Educational Environment

High Schools (1)

Name