618 75th St | Everett, WA 98203
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- LoopNet Team
618 75th St
Everett, WA 98203
Beverly Heights · Multifamily Property For Sale · 19 Units
Investment Highlights
- Ideal repositioning opportunity; well-maintained asset featuring 19 spacious one, two, and three-bedroom units; ample parking and private garages
- Half-mile from planned Evergreen Light Rail Station for Sound Transit’s Everett Link Extension with service beginning in 2037
- Features 7 units in classic condition and in-place rents 15% below market rate across the board; premiums up to $250 post renovation achievable
- Capitalize on area demand and complete renovation scope prior to anticipated deliveries coinciding with light rail expansion
PROPERTY FACTS
| No. Units | 19 | Building Size | 20,800 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.68 AC |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 20,800 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.44/1,000 SF |
Unit Amenities
- Balcony
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,188 | 715 |
| 2+1 | 14 | $1,444 | 929 |
| 3+2 | 3 | $1,625 | 1,232 |
PROPERTY TAXES
| Parcel Number | 003937-002-015-00 | Improvements Assessment | $3,413,500 |
| Land Assessment | $730,000 | Total Assessment | $4,143,500 |
PROPERTY TAXES
Parcel Number
003937-002-015-00
Land Assessment
$730,000
Improvements Assessment
$3,413,500
Total Assessment
$4,143,500
zoning
| Zoning Code | R3 |
| R3 |
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