Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.
Active
Listed by:
Rachel Harwood,
COMPASS
$5,000,000
2501 Colby Avenue, Everett, WA 98201
--beds
--baths
15,081sqft
Est.:
Multi Family
Built in 1908
-- sqft lot
$4,465,800 Zestimate®
$332/sqft
$-- HOA
What's special
Modern updatesStylish interiorsWater heatersHistoric charmStainless steel appliancesQuartz countertopsNew tpo roof
- 49 days
- on Zillow |
- 481 |
- 20 |
- Loading
- Loading