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12421 5th Ave W 4 Unit Apartment Building $1,246,000 ($311,500/Unit) 5.30% Cap Rate Everett, WA 98204
Investment Highlights
- Easy to Manage
- Fully leased
Executive Summary
Extra Large 5589sf Four Plex with a single, long term tenant. Annual income of $84,000 and tenant pays all utilities. 5.3% cap. Three units with two bedrooms and one unit with three bedrooms. Each unit has two baths. Shared laundry room on site. Tenant maintains the laundry and handles most simple repairs. Easy to own and easy to manage.
Property Facts Under Contract
| Price | $1,246,000 | Apartment Style | Low-Rise |
| Price Per Unit | $311,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.30% | Building Size | 5,589 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Zoning | UC | ||
| Price | $1,246,000 |
| Price Per Unit | $311,500 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,589 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | UC |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 006603-000-001-00 | Improvements Assessment | $708,100 |
| Land Assessment | $497,300 | Total Assessment | $1,205,400 |
Property Taxes
Parcel Number
006603-000-001-00
Land Assessment
$497,300
Improvements Assessment
$708,100
Total Assessment
$1,205,400
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12421 5th Ave W
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