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    2501 Oakes

    Everett, WA 98201
    • $1,350,000
    • STATUS: Pending
    • ON SITE: 49 days
    • ID#: 1765250
    Under Contract
    $1,350,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Opal Blue Real Estate, Llc.

    Description

    (3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-18T00:15:58.26.

    www.pickettstreetproperties.com/homes/116585522
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    2501 Oakes Everett, WA 98201

    • Price: $1,350,000
    • Status: Pending
    • ID#: 1765250
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1915
    Built
    Neighborhood:
    Historic N Everett
    County:
    Snohomish
    Area:
    Everett/Mukilteo
    Elementary School:
    Whittier Elem
    Middle School:
    North Mid
    High School:
    Everett High
    School District:
    Everett
    Property Description
    (3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Metal/Vinyl Lot Features AlleyCorner LotCurbsOpen SpacePavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 0 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateVinyl PlankCarpet Foundation Details Post & PillarPoured Concrete Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 492 Gross Scheduled Income 105240 Insurance Expense 2395 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 81050 New Construction YN No Possible Use Multi-Family Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckFenced-PartiallyHigh Speed Internet Special Listing Conditions None Tax Annual Amount 8254 Tax Year 2021 Total Expenses 22085 Units In Building Total 7 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 2947 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pickett Street Properties and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-18T00:15:58.26.

     
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    Pickett Street Properties
    22614 Bothell Everett Hwy
    Bothell WA, 98021
    Listing Courtesy of Opal Blue Real Estate, Llc.