1532 Walnut Street

1532 Walnut St Everett WA 98201

Listing #: 601595 | Status: Sold | Closing Date: 11/29/2018 | Last Modified: 10/31/2018 |

For Sale

1532 Walnut St Everett WA 98201

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Jeff Ayers

(425) 275-2406
jeff@westlakeassociates.com

Westlake Associates, Inc.

(206) 505-9400

Listing Information
Price
Listing Price$ 650,000
$/SF$ 154.76
$/Unit$ 92,857.14
Listing StatusSold
Days On Market85
Asset ClassMulti-Family
Closed Sales Only
Actual Sold Price$ 620,000
$/SF$ 147.62
Closing Date11/29/2018
Investment Information
Investment PropYes
Gross Income$ 89,760
Vacancy Factor %5.00%
Operating Expenses$ 29,925
Net Operating Income$ 55,347
CAP Rate8.51 %
GRM7.63
Annual Expense Information
Expense Year2018
Real Estate Taxes$ 6,559
+Insurance$ 4,250
+Electricity$ 7,000
+Prof. Mgr$ 5,116
+Maintenance$ 5,250
+Other Expenses$ 1,750
=Total Exp.$ 29,925
Annual Operating Information
Gross Sch Rents$ 85,200.00
Vacancy $$ 4,488.00
+Laundry Income$ 360
+Other Income$ 4,200
=Effective Gross$ 85,272
-Total Expenses$ 29,925
=NOI$ 55,347
Financial Summary
CAP Rate8.51 %
GRM$ 7.63
$/Unit$ 92,857.14
Expense/Unit$ 4,275.00
Asset Class Information
# Units Beds/Baths Avg SqFT
7 1Bed/1Bath 600
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units7
Total Building Sq/ft4,200
Net Rentable Area4,200
Lot Sq/ft4,356
Acres0.1
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountySnohomish
VicinityCentral Everett
Market AreaEverett
Tax ID #00438731401700
ZoningR3
Parking Information
# Covered Spaces0
# Uncovered Spaces8
Total Parking Spots8
Construction
Year Built1919

Public Comments: Seller is reviewing offers on September 12, 2018. Value-add 7-unit apartment building located in Everett. Building has 2 month-to-month tenants, but can be delivered vacant upon closing. As-is offers only.

Listing Images

Filter by Category

 | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 

Current Selections

Any Property Category