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2501 Oakes

Everett, WA 98201
  • $1,325,000
  • STATUS: Sold
  • ON SITE: 55 days
  • ID#: 1765250
Sold - 06/18/2021
$1,325,000
SOLD - 06/18/2021
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Opal Blue Real Estate, Llc.

Description

(3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.

Listing by Grant Fosheim. Sold by Berkshire Hathaway Hs Nw.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-24T22:14:14.36.

www.pugetsoundfivedoors.com/homes/116585522
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2501 Oakes Everett, WA 98201

  • Price: $1,350,000
  • Status: Sold
  • Updated: 52 min ago
  • ID#: 1765250
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1915
Built
Neighborhood:
Historic N Everett
County:
Snohomish
Area:
Everett/Mukilteo
Elementary School:
Whittier Elem
Middle School:
North Mid
High School:
Everett High
School District:
Everett
Property Description
(3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Metal/Vinyl Lot Features AlleyCorner LotCurbsOpen SpacePavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 0 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Flooring LaminateVinyl PlankCarpet Foundation Details Post & PillarPoured Concrete Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 492 Gross Scheduled Income 105240 Insurance Expense 2395 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 81050 New Construction YN No Possible Use Multi-Family Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckFenced-PartiallyHigh Speed Internet Special Listing Conditions None Tax Annual Amount 8254 Tax Year 2021 Total Expenses 22085 Units In Building Total 7 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 2947 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Five Doors Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-24T22:14:14.36.

 
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Five Doors Real Estate
33434 8th Ave S, Ste 103
Federal Way WA, 98003
Listing Courtesy of Opal Blue Real Estate, Llc.