2305 Colby Ave, Everett, WA 98201
Back to Website: 2305ColbyAve.IsForSale.com
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Status:Sold
MLS #:1818569
Beds:6
Baths:7 Baths (7 F)
Type:Single Family
Size:3,847 ft²
Lot Size:11,760 ft²
Remarks
Attention Investors. Excellent opportunity in downtown Everett, just 1 block north of the high school. Large frontage on Colby. Property features two studios, Three 1 bedroom. Duplex is 1 Br/1Ba, 2Br/1ba. Old world vintage charm on a large lot. 6 of 7 kitchens have been updated
Potential for coin op laundry. Great Cash Flow with affordable stable income plus future upside building potential of 14 units, R4 zone. New roofs, newer windows. DO NOT DISTURB Tenants. Do not enter property. Potential to purchase 2311 rambler next door for more parking and storage with 2305.
General Information
Zoning:
R4
School District:
Everett
Annual Property Tax:
6432
County:
Snohomish
Subdivision:
Down Town Everett
Building Details
Year Built:
1900
# of Stories:
2
Roof Type:
Composite
Heating/Ventilation:
Forced Air
Sewer:
Public
Water:
Public
Foundation:
Post and Pillar
Garage:
1
Basement:
yes
Commercial Details
Cap Rate:
7.1
Annual Gross Income:
91800
Annual Operating Expense:
13296
Annual Net Income:
78504
# of Units:
7
Unit Rental Price Range:
795-1175
Amenities
- Carpet
- Dryer
- Garage
- Hardwood Floors
- Laminate Flooring
- Lawn
- Linoleum
- Microwave
- New Roof
- Range / Oven
- Refrigerator
- Remodeled Kitchen
- Smoke Detectors
- Stove
- Walk-in Closet
- Wall to Wall Carpet
- Washer
- Washer/Dryer
