The 8-unit 203 Dorn Complex consists of a well-kept 7 unit, 3 story apartment building, built in 1999 with a single family home in the front, all on a single tax parcel. Current cap rate of 5.8 with proforma cap rate of 7.2! Fantastic location off Evergreen Way near the Boeing Freeway, minutes from Boeing and Paine Field Airport. Quick access to I-5, Highway 99, Everett Mall, and other shops and retail. The complex features ample parking, double pane vinyl windows throughout, well groomed landscaping and several recently updated units. Well managed building with strong rents as well as room for adding value. Buy as turnkey and cashflow or buy and renovate remaining units for more cashflow.
Sold
Listed by:
Grant Fosheim,
Opal Blue Real Estate, LLC
Bought with: Skyline Properties, Inc.
$1,660,000
203 Dorn Avenue, Everett, WA 98208
--beds
--baths
6,045sqft
Multi Family
Built in 1999
-- sqft lot
$-- Zestimate®
$275/sqft
$3,092 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:46am
Listed by:
Grant Fosheim,
Opal Blue Real Estate, LLC
Bought with:
Kai Qin, 137652
Skyline Properties, Inc.
Source: NWMLS,MLS#: 2015571
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Features
- Flooring: Laminate, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,045
- Total interior livable area: 6,045 sqft
Property
Parking
- Total spaces: 14
- Parking features: Open
- Uncovered spaces: 14
Features
- Patio & porch: Laminate Hardwood, Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.39 Acres
- Dimensions: 100 x 170
- Features: Paved, Sidewalk, Fenced-Partially
Details
- Parcel number: 00392500001400
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1999
Utilities & green energy
- Electric: Company: SnoPud
- Sewer: Sewer Connected, Company: City of Everett
- Water: Public, Company: City of Everett
Community & neighborhood
Location
- Region: Everett
- Subdivision: South Everett
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 865 days