3220 Lombard Avenue Everett, WA 98201 – Lombard Fourplex

3220, Lombard Avenue, Everett, WA  98201

For Sale

Type
For Sale / Multi Family

Lombard Fourplex (Status: Available) 740000

3220, Lombard Avenue, Everett, WA  98201

This is a fantastic opportunity for a buyer to purchase a great cash flowing investment. The property is priced at a current 7.0% cap rate providing a buyer with an 8% cash-on-cash return and a 12% overall return. The property presents rental upside allowing for a buyer to get to an 8.0% market cap rate generating a 12% cash-on-cash return and a 16% overall return.Unit A had numerous updates in 2021, including new kitchen countertops, cabinets, appliances and LVP flooring. This is a value-add opportunity for an investor to make improvements to the other units and pushrents further. The property features copper and PEX plumbing supply lines and ABS drain lines. The electrical service has been upgraded and all units feature Romex wiring with GE or similar brand breaker panels. Property nex

Listing Details

Asset Class: Multi-Family
Year Built: 1905
Building Total Square Feet: 2231
Available Lease Space Square Feet: 2231
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information:

CBA

Listing Courtesy of: Paragon Real Estate Advisors

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.

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