Marketing Flyer attached with Financials and Comps. Cash Flow Improvement! Motivated seller- Price Reduced 65K- Built in 1988-8 Units, Cap Rate 5.9%,Long-term tenants,ample parking 12 spaces, 2 minutes to I-5,large floor plans & appliance package.Secured entry,dual-pane windows,vinyl siding,attractive low-maintenance landscaping,on-site laundry 2 sets washer/dryers,Easy upgrade to in-unit washer/dryers,11 storage lockers for additional income. Rent growth in Everett expected above 5%. Future appreciation,Waterfront Development expected to support 2,075 new jobs
Fantastic low maintenance building with many recent upgrades including appliances, interior doors, flooring, paint, energy efficiencies, and more. Stable tenants with near zero vacancy for the past 2+ years. Two units have long-term tenants who have lived here since the 90’s. Units that have turned over have been released on average less than two weeks on the market.
The building is in excellent condition and is well maintained by the local owner/property manager. 4 new high efficiency front load coin-op machines installed in 2017. Very low water and electric bills due to energy and water saving upgrades. Since 2016, each unit turnover has been professionally painted and had new flooring installed. All units have new dishwashers, some units have new interior doors, new appliances, etc. One unit has new luxury laminate flooring throughout.
Easy upgrade to in-unit washer/dryers,11 large storage lockers lease for additional income. Rent growth in Everett expected above 5%. Everett is one of 25 regional growth centers, Future appreciation of this asset. Waterfront Place Development is expected to support 2,075 new jobs.
Residents of 3617 Hoyt enjoy a flat topography and wide sidewalks and are positioned less than a half mile from the retail clusters at two significant Everett intersections: 37th St & Broadway and 41st St & Hoyt Avenue.
The property s amenity-rich location just north of Downtown Everett provides access to shopping, dining, entertainment, grocers, and public transportation within blocks. With a Very Walkable walk score of 78 out of 100, residents can enjoy approximately 20 restaurants and coffee shops within a half-mile of the property. Within a mile there are nine grocery options, including a Safeway and a Cash & Carry, as well as five parks and natural areas. Several entertainment options are within a mile of 3617 Hoyt including Imagine Children s Museum, Village Theatre, the Historic Everett Theatre, Everett Memorial Stadium home of the Everett AquaSox, and Angel of the Winds Arena home of the Everett Silvertips and numerous events throughout the year. 3617 Hoyt a two-minute walk to four bus lines that offer consistent, 7-day-a-week service to Boeing, the Everett Mall, and Everett Station. Everett Station is less than a mile away and provides a variety of transportation options including bus lines from the region s four major transit authorities (Sound Transit, Community Transit, Island Transit, and Skagit Transit) as well as Amtrak, Greyhound, and Northwest Trailways. From Everett Station, riders can take the Sounder Commuter Rail to Seattle and Tacoma, hop on an express bus to Downtown Bellevue or Downtown Seattle, or take one of the many bus lines that circulate throughout Everett and Snohomish County. Additionally, within roughly a third of a mile is Community Transit s Swift Blue Line, which offers rapid service along Highway 99 from Everett to Shoreline.
