2922 Hoyt Ave
Everett, WA 98201
The Lentzy Apartments 15 Unit Value Add · Multifamily Property For Sale · 15 Units

Lentzy Apartments-value-add opportunity- 2 buildings-13 units, and a duplex. Unit breakdown 5-1 bed/1bath,10 Studios. Duplex units have W/D hookups, 3 parking-garage spaces ,Pitched Metal Roof & Electric forced air, new sprinkler system,updated plumbing/electrical, secured entry. Priced under $50k per unit, Buy & Hold for cash flow while securing market rent or fix/flip for a potential 20% profit. Sold 100% vacant for ease of renovation and turnover,As-is offers,Laundry in basement,B3 Zoning. minutes from new Everett Water Front development, navy base, downtown shopping, bus line. The main building features a secured entry, common interior corridors, updated plumbing and electrical systems, and efficiently sized apartment units with varying tasteful updates and 9 foot ceilings. The second garden building features courtyard entries, an improved electric system, and functional/original plumbing systems. In addition, at least one of the two units feature a washer/dryer hookup. The main building also features a common laundry room and two washers and two dryers. Located 25 miles north of Seattle, Everett is the county seat of Snohomish County and the fifth largest city in the Puget Sound area. The largest public marina on the west coast of the United States is located in Everett, as is a US Navy Homeport (Naval Station Everett), and Boeing's Everett factory, which is the largest building in the world by volume. Incorporated in 1893, the City of Everett is populated today with an estimated 108,000 people. Significantly more affordable than Seattle, yet still close to major employment and entertainment centers, Everett appeals to people of all walks of life. The property's amenity-rich location on one of Downtown Everett's main thoroughfares provides access to shopping, dining, entertainment,grocers, and public transportation across the street, next door, and within blocks. With a Walker Paradise walk score of 94 out of 100, residents can enjoy approximately 35 restaurants, bars, and coffee shops all less than a quarter mile away, as well as Imagine Children's Museum, the New Everett Theater, and the Everett Performing Arts Center. Within a half mile there are five grocery options, including a major QFC. Within a mile are five parks, fields, and natural areas, as well as Everett Memorial Stadium,home of the Everett AquaSox. Further, Everett Station, also less than a mile away, provides a variety of transportation options, including bus lines from the regions four major transit authorities (Sound Transit, Community Transit, Island Transit, and Skagit Transit) as well as Amtrak, Greyhound,and Northwest Trailways.