2023 Colby Ave

Everett, WA 98201 View Map $745,000 Ask a Question
Sq.Ft.4,552
Year1910
2023 Colby Ave, Everett, WA, 98201 | MLS#1651186 | Novak Team Photo 1
2023 Colby Ave, Everett, WA, 98201 | MLS#1651186 | Novak Team Map
Mike Novak

Mike Novak

(425) 382-6967

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Listing Office

Listing Office:Kw Everett
Selling Office:Windermere RE North, Inc.

2023 Colby Ave, Everett, WA, 98201 | MLS#1651186


Status: Sold
Property Type:5-9 Units
MLS® #:1651186
Sq. Feet:4,552
Date Sold:7/1/2021
Lot Size:5,663 Sq. Ft.
County:Snohomish
Calling all real estate investors! Are you a fan of Bigger Pockets? Massive cash flow opportunity w non conforming 8 plex. Five studios & Three one bed units. Four studios w shared bath rent fully furnished w cable, w-ifi & gross lease, are easy to rent. Nestled next to Rucker Hill, a short commute to major employers like Boeing, Naval Station, Providence, Everett Waterfront, ECC, Amazon Distribution & more. Almost no vacancy. 8.8% CAP Additional income from renting garage & coin op laundry.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
10/4/2020$800,000$755,000-5.6%
7/1/2021$755,000$745,000-1.3%

Community Information

Address:2023 Colby Ave, Everett, WA 98201
County:Snohomish
City:Everett
Subdivision:Historic N Everett
Zip Code:98201

School Information

School District:Everett
High School:Everett High
Middle School:North Mid
Elementary School:Hawthorne Elem

Architecture

Year Built:1910
Stories:2
Possible Use: Multi-Family
Building Style: 5-9 Units
Roof: Composition
Foundation: Poured Concrete

Features / Amenities

Flooring: Vinyl, Carpet
Exterior Features: Wood
Green Energy Efficient: Thermal Windows
Site Features: Cable TV, High Speed Internet
Heating Cooling Type: Baseboard

Property Features

Lot Size: 0.13 Acres / 5,663 Sq. Ft.
Lot Features: Paved
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Sewer: Sewer Connected
Water: Public
Directions:(DO NOT DISTURB TENANTS). Broadway Ave to 19th go west to Colby go right to property.

Tax and Financial Info

Tax Year: 2019
Tax Annual Amount: $5,556
Fuel Expense: $480
Electric Expense: $2,496
Insurance Expense: $3,024
Net Income: $66,681
Listing Terms: Cash Out, Conventional, FHA
Total Monthly Income: $6,975
Net Operating Income: $66,681
Total Expenses: $19,152
Offers: Seller,intends,to
Possession: Tenant's Rights

Schools

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