Views - Golf Course
Listing Provided Courtesy Of:
Kidder Mathews and NWMLS
Address
1111 90th Street SW, Everett, WA
Price
$ 4,500,000
Property Attributes
  • ID#1928295
  • TypeMulti-Family
  • CountySNOHOMISH
  • CityEverett
  • AreaEverett-Mukilteo
  • NeighborhoodPaine Field
  • Zip98204
  • Style10+ Units
  • Year Built1985
  • Taxes$ 20530
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12084
  • Lot Size0.55 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Tara Townhomes located in the quiet neighborhood of Westmont, a 12 unit Townhome property is a true value add opportunity. Each unit is a 2 bed 1.5 bath, 1,007 sqft. 24 parking spots total and plenty of storage. Each unit has it's own private yard and deck. All units will be Month to Month by the end of August with the new owner able to immediately raise rents and renovate units upon turnover. Market Rate Rents offer a 28% immediate increase and Renovated Rents as high as 59%. The current Owner has taken tremendous care of the property. Cap rate will be 5% by August and with Renovations to a 6.2% Caprate. Please reach out to Listing Agent for Marketing Materials.

High School
Mariner High
Price History
5/5/2022 Listed $4,500,000

General Features

Amenities Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Everett
County Snohomish
Directions From I-5N, take 128th St SW Exit, take left on 128th St SW. Right on 4th Ave W. Left on 90th St SW. Property will be on your right, 1111 90th St SW Everett, WA
Electric Expense 2500
Exterior Features Wood
Fuel Expense 2098
High School Mariner High
High School District Mukilteo
Insurance Expense 4500
Interior Features Wall to Wall Carpet, Laminate
Leasable Area 12084
Lot Size Square Feet 23958
MLS Area 740 - Everett/Mukilteo
Net Operating Income 219670
New Construction No
Open Parking Spaces 24
Possession Closing
Possible Use Multi-Family, Residential
Property Condition Very Good
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 90th
Structure Type Multi Family
Subdivision Name Paine Field
Tax Annual Amount 20530
Tax Year 2022
Terms Cash Out, Conventional
Total Units 12
Units Below Grade false
Units In Building Total 12
Utilities Sewer Connected, Electricity Available
View Golf Course, Territorial
Water Company Everett City Utilities
Water Sewer Garbage 8500
Year Built 1985
Zoning Class Multi-Family, Residential

Interior Features

Fireplace Y/N No
Flooring Laminate, Vinyl, Carpet
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 12084
Covered Spaces 2
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Dimensions 23958
Lot Features Curbs, Paved, Secluded, Sidewalk
Lot Size Acres 0.55
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 24
Total Parking 26
View Y/N Yes
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98204

Price
AVG $1.54M
$4.5M
Taxes
AVG $8,058
$20,530
Visits
AVG 43
113
Year Built
AVG 1971
1985
Walkscore
AVG 42
18
Data Provided by Walkscore ® not using MLS data

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