707 - 717 Hawthorne St
Everett WA 98201
Northern View Apartments
707 - 717 Hawthorne St Everett WA 98201
Listing #: 666365 | Status: Available | Last Modified: 6/21/2023 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(503) 221-9900
- Office Website:https://kidder.com/
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 9,650,000.0
- $/SF$ 302.3
- $/Unit$ 253,947.4
- Listing StatusAvailable
- Days on Market537
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units38
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings5
- # of Floors3
- # of Units38
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF31920
- Net Rentable Area31920
- Total Office SF
- Largest Contiguous SF
- Lot SF51836
- Acres1.19
- Property TypeMulti-Family
- Office Type
- Building ClassB
- CountySnohomish
- Vicinity
- Location Description
- Second Address
- Cross StreetButler St
- Market AreaEverett
- Tax ID #29051700101600
- Additional Parcels29051700101300, 29051700101700, 29051700103100
- Zoning
- # Covered Spaces14
- # Uncovered Spaces42
- Total Parking Spots56
- Parking Ratio
- Year Built1986
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
38 Units in Snohomish County
Well located in North Everett near Everett Community College, Boeing, and the Naval Station, Northern View is a 1980s-built apartment community boasting 38 large two-bedroom homes with full-size in-unit laundry. This rare Snohomish County offering presents a new owner a turnkey investment with cash flow as well as potential unit renovation upside. Specifically, the current 5.3% cap rate should stabilize at 5.7% as units trend to market rents. Basic renovations could allow for a cap rate above 6%.
Apt. D+S #5161
