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7601 Ridgewood DR #1-8 Everett, WA 98203
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Key Details
Sold Price $1,610,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,568 sqft
Price per Sqft $245
Subdivision Everett Mall
MLS Listing ID 1890956
Sold Date 05/04/22
Style 55 - 5-9 Units
Year Built 1977
Annual Tax Amount $13,223
Lot Size 1.540 Acres
Property Description
8 Units-4 duplexes plus a Cell Tower Pad, 5.7% Actual Cap Rate,Market Cap 6.1%,Great opportunity for savvy investor to acquire 8 units plus a Cell Tower Pad generating $13,224 a year leased to AT&T,3% annual rent increases.Development opportunity R3,new electric panels,newer double pane windows,new roofs. All units include washer/dryer hookups,plenty of parking.Increase rents w/min updating or bill back utilities.Perfect for the investor looking for immediate cash flow or development opportunity.Immediate Upside to rents or update interiors for even higher rents.Rent growth in Everett expected above 5%.Waterfront Development is expected to support 2,075 new jobs.Minutes to I-5 Paine Field Airport, Boeing & Everett Mall Way.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Interior Features Forced Air, Wall to Wall Carpet, Laminate Hardwood
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Patio
View Y/N Yes
View Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Dead End Street, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Emerson Elem
Middle Schools Evergreen Mid
High Schools Cascade High
School District Everett
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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