2023 Colby Avenue (Status: Available) 900000

2023, Colby Ave, Everett, WA  98201

8+% Cap Rate!Located in the heart of Everett’s residential Bayside neighborhood, this non-conforming 8 unit offers an active investor a strong cash flow return. The proximity to major employers makes the location very attractive to short-term and long-term renters. Four (4) of the five (5) studio units are fully furnished, perfect for short term business travelers and contract employees. Common laundry is on site and coin-operated and the garage could be rented out for additional income. Freshly painted in 2023 and roof is roughly 3-4 years old. Financing is available from Coastal Bank.

Listing Details

Asset Class: Multi-Family
Year Built: 1910
Building Total Square Feet: 4552
Available Lease Space Square Feet: 2667
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: UR3

Listing Courtesy of: Westlake Associates, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.