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Listing 5 out of 6
$899,950 For Sale

1011 Hewitt Ave
Everett, WA 98201

9 units | Multi Family Home
2444 sq ft lot - MLS# 1459085 Courtesy of KW Everett
Property Photo

Description

Investor Alert!! Prime Location in Historic North Everett Hewitt Ave. 8 studio Apartments on 2nd story and 1 retail/restaurant space on main floor with separate entrance. Beautiful View of Puget sound and Everett Navy Base! Lots of off street parking! Great income with current NOI $70,996 and 8% Cap Rate!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Snohomish County
  • Zip Code: 98201
  • Year Built: 1900
  • School District: Everett
  • Elementary School: Whittier Elem
  • Middle School: North Mid
  • High School: Everett High
  • Sq.Ft.: 5,336 sq ft
  • Units: 9 units
  • Lot Size: 2444 sq ft lot
  • View: Ocean
  • Waterfront: Sound
  • Area: Everett
  • Amenities: Coin Op Laundry
  • Area Number: 740
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Building Condition: Average
  • Cap Rate - NOI div LP: 8.00
  • Energy Source(heat): Electric
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Post & Pillar
  • General Zoning Class: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Gross Adjusted Income: $102148
  • Gross Scheduled Income: $102148
  • Heating/Cooling: Forced Air, Wall
  • Insurance Expenses: $3997
  • Lot Details: Curbs
  • Net Operating Income: $70996
  • Number of Stories in Building: 2
  • Power Company: Pud
  • Rent Unit 1: $850
  • Rent Unit 2: $750
  • Rent Unit 3: $875
  • Rent Unit 4: $705
  • Rent Unit 5: $850
  • Rent Unit 6: $800
  • Roof: Composition
  • Sewer Company: Everett Public Works
  • Site Features: Cable TV
  • Total Expenses: $31151, $31151
  • Total Monthly Income: $9199
  • Vacancy Rate: 3
  • Water Company: Everett Public Works
  • Water Source: Public
  • Water/Sewer/Garbage: 22122
Courtesy of KW Everett
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than HomeSmart ION Realty Group are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-20

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Priscilla Soto

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