Everett Homes with 55 - 5-9 Units Style

Everett: A Vibrant City in Washington State

Situated in Snohomish County, Washington, the city of Everett offers a vibrant and diverse community for residents to call home. With its prime location in the Pacific Northwest, Everett boasts stunning natural beauty, a thriving economy, and a rich cultural scene.

As part of the Greater Seattle metropolitan area, Everett benefits from the amenities and opportunities of a major city while maintaining its own unique charm. The city is known for its picturesque waterfront, where residents can enjoy scenic views of the Puget Sound and the majestic Olympic Mountains in the distance.

For those seeking a tight-knit community, Everett has a range of housing options, including homes with 55-59 units. These styles of homes are designed to cater to the needs of seniors, providing comfortable and convenient living spaces. Whether you're looking for a cozy apartment or a spacious condominium, Everett offers a variety of options to suit your preferences.

In addition to its housing options, Everett is home to a range of amenities and attractions. The city boasts a vibrant downtown area, with an array of shops, restaurants, and entertainment venues. From art galleries and theaters to parks and recreational facilities, there is always something to do in Everett.

With its strong job market, excellent schools, and a wide range of recreational activities, Everett is an ideal place to settle down and call home. Whether you're a young professional, a growing family, or a retiree, Everett has something to offer everyone. Experience the best of Washington state living in this thriving city.

Newest Everett Homes with 55 - 5-9 Units Style

$1,150,000

2547331 MLS ⋅ ACTIVE Status

Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

$1,195,000

2547568 MLS ⋅ ACTIVE Status

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.

2232 Hoyt Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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