7% Cap Rate,Four Plex,Spacious 2 bedroom,1.5 bath Townhouse style Units,approx 960 square feet each. built in 1986 with all appliances including washer & dryer. Plenty of parking. Recently rented unit $795 a month the remaining units should be increased to match, upside income potential, 2 new hotels & Everett Waterfront development project underway will generate 8.6 million in revenue! Future appreciation on this property,close to college, Comcast arena navy base,5 min to I-5,great rental market. The City of Everett, population 103,100, is the county seat of Snohomish County, Wash. Located about 25 miles north of Seattle.The Port of Everett' s Waterfront Place Central development project is more than just a large scale real estate venture. The intent of the project is to unify the marina and surrounding property as one economic unit to create a sustainable and unique commercial, recreation and residential community.Major Employers Include: The Boeing Company (747, 767, 777 wide-bodied aircraft, and the 787 Dreamliner), Naval Station Everett (the Navy's state-of-the-art base with seven ships, including the aircraft carrier USS Nimitz), Providence Everett Medical Center, Verizon (telecommunications), Snohomish County Government, City of Everett, Intermec (bar code manufacturing), Fluke Corporation (electronic testing equipment), Everett Community College and Everett Mall. When fully realized, the Waterfront Place Development is expected to generate 2,075 family-wage jobs
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
