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113-115 W Casino Rd
Everett, WA 98204
Cascade View · Multifamily Property For Sale
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13 Units
Investment Highlights
- Ideal value-add opportunity in Everett built in 2001 with immediate access to the area’s largest employers, retail amenities, and planned light rail
- All units are in primarily classic condition with in-place rents below market rate; rental premiums up to $415 per unit achievable post repositioning
- Half-mile from planned Evergreen Light Rail Station for Sound Transit’s Everett Link Extension with service beginning in 2037
- Professionally managed with 13 two-bedroom units and ample surface parking; open floorplans with ample storage and in-unit washer and dryer
- Three miles and under from the Boeing Everett Production Facility with 30,000+ employees, Amazon, and Funko distribution centers
- Capitalize on area demand and complete renovation scope prior to anticipated deliveries coinciding with light rail expansion
Property Facts
| No. Units | 13 | Building Size | 12,200 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2001 |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 0.57 AC | ||
| Zoning | UR4 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 12,200 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 2001 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | UR4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Kitchen
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 800 - 1,100 |
Property Taxes
| Parcel Number | 003935-000-030-06 | Improvements Assessment | $2,257,200 |
| Land Assessment | $625,800 | Total Assessment | $2,883,000 |
Property Taxes
Parcel Number
003935-000-030-06
Land Assessment
$625,800
Improvements Assessment
$2,257,200
Total Assessment
$2,883,000
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