Log In/Sign Up
Your email has been sent.
Old Town Mukilteo 716 3rd St 6 Unit Apartment Building $4,100,000 ($683,333/Unit) 4.45% Cap Rate Mukilteo, WA 98275
Investment Highlights
- Walkable Waterfront Location
- Stunning Puget Sound Views
- One of only 8 Apartment Buildings in Downtown
- Heart of Downtown Mukilteo
- Proximate to Major Employers
- Built to Condo Specifications
Executive Summary
CBRE is pleased to introduce Old Town Mukilteo, a rare mixed-use investment opportunity built in 2016. The property features six large two-bedroom, two-bathroom residential units averaging 1,438 square feet, along with two fully occupied ground-floor retail suites averaging approximately 427 square feet. Designed more like high-end condominiums, the residential units include wood cabinetry, quartz and granite countertops, stainless steel appliances, in-unit washer and a blend of hardwood, tile, and dryers, and carpet flooring. Each unit also offers a private deck with Puget Sound views, ample storage, and access to secure garage parking.
Property Facts
| Price | $4,100,000 | Building Class | B |
| Price Per Unit | $683,333 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 10,337 SF |
| Cap Rate | 4.45% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | DB - Multiple family Dwelling | ||
| Price | $4,100,000 |
| Price Per Unit | $683,333 |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 10,337 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2016 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | DB - Multiple family Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer
- Heating
- Vaulted Ceiling
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Views
- Deck
Site Amenities
- Controlled Access
- Picnic Area
- Waterfront
- Pet Play Area
- Walking/Biking Trails
- Dock
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | 1,438 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,393,100 | |
| Land Assessment | $831,500 | Total Assessment | $4,224,600 |
Property Taxes
Parcel Numbers
Land Assessment
$831,500
Improvements Assessment
$3,393,100
Total Assessment
$4,224,600
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Old Town Mukilteo | 716 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.