Bought with Skyline Properties, Inc.
$1,660,000
$1,750,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
203 Dorn AVE Everett, WA 98208
6,045 SqFt
Key Details
Sold Price $1,660,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,045 sqft
Price per Sqft $274
Subdivision South Everett
MLS Listing ID 2015571
Sold Date 01/13/23
Style 55 - 5-9 Units
Year Built 1999
Annual Tax Amount $11,526
Lot Size 0.390 Acres
Lot Dimensions 100 x 170
Property Description
The 8-unit 203 Dorn Complex consists of a well-kept 7 unit, 3 story apartment building, built in 1999 with a single family home in the front, all on a single tax parcel. Current cap rate of 5.8 with proforma cap rate of 7.2! Fantastic location off Evergreen Way near the Boeing Freeway, minutes from Boeing and Paine Field Airport. Quick access to I-5, Highway 99, Everett Mall, and other shops and retail. The complex features ample parking, double pane vinyl windows throughout, well groomed landscaping and several recently updated units. Well managed building with strong rents as well as room for adding value. Buy as turnkey and cashflow or buy and renovate remaining units for more cashflow.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl Plank, Carpet
Fireplace No
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Everett
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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