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2414 Hoyt Ave 16 Unit Apartment Building $3,723,277 CAD ($232,705 CAD/Unit) 6.08% Cap Rate Everett, WA 98201
INVESTMENT HIGHLIGHTS
- Seller financing available
- New high-end appliances
- Extensive renovations throughout
- Updated security and electric features throughout building
EXECUTIVE SUMMARY
This 16-unit studio apartment complex has been extensively modernized while retaining its original character. The unit mix includes three studios with full kitchens and thirteen studios with mini-kitchens, each outfitted with a refrigerator, Breville microwave, and granite-accented sink. Comprehensive renovations include new plumbing throughout, fully updated kitchens and baths, a recirculating hot water system, building-wide electrical replacement, a new roof and windows, renovated common areas, and state-of-the-art laundry equipment. Security and convenience upgrades, such as locking mailboxes and cameras, further enhance the property. Together, these improvements significantly reduce future capital expenditure requirements, positioning the building for stable long-term performance.
One of the property’s standout benefits is the opportunity for Seller Financing.
One of the property’s standout benefits is the opportunity for Seller Financing.
PROPERTY FACTS
| Price | $3,723,277 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $232,705 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.08% | Building Size | 5,604 SF |
| Gross Rent Multiplier | 12.27 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1910/2020 |
| Property Type | Multifamily | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | UR-4, Everett | ||
| Price | $3,723,277 CAD |
| Price Per Unit | $232,705 CAD |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| Gross Rent Multiplier | 12.27 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,604 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2020 |
| Parking Ratio | 0.31/1,000 SF |
| Zoning | UR-4, Everett |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 005171-554-025-00 | Improvements Assessment | $1,308,657 CAD |
| Land Assessment | $416,516 CAD | Total Assessment | $1,725,173 CAD |
PROPERTY TAXES
Parcel Number
005171-554-025-00
Land Assessment
$416,516 CAD
Improvements Assessment
$1,308,657 CAD
Total Assessment
$1,725,173 CAD
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2414 Hoyt Ave
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