$3,975,000
Well-maintained, well-managed 16-unit apartment building available in Everett's Cascade View neighborhood, reflecting disciplined, proactive ownership. 12 of 16 units have been renovated from tasteful refreshes (LVP flooring, updated bathrooms, modern fixtures) to full remodels with new kitchens, bathrooms and in-unit washer/dryer. Building-wide systems have been kept current as well, with a new roof, new exterior paint, and new double-pane vinyl windows all completed in 2024, a 2024 common area refresh (fresh paint, carpet, lighting), and a remote-access garage gate replaced in 2022. Fully leased with staggered lease terms and zero delinquencies, shows active management that results in value for the new owner. Unit mix of (8) 1bd/1ba at 651 SF and (8) 2bd/1ba at 882 SF. Amenities built for tenant retention: 18 secure, gated garage parking stalls, a shared app-based laundry room, and a private storage locker for every unit — a meaningful differentiator in this submarket. For a new owner, the building hands off cleanly, with no deferred maintenance backlog and a defined, low-risk runway to continue the existing renovation program on the remaining units or to operate as-is. Located in Central Everett's Glacier View submarket, minutes from Boeing, Paine Field, and Providence Regional Medical Center. A rare opportunity to acquire a renovated, stabilized asset with genuine mark-to-market upside in one of Snohomish County's most active employment corridors.
2583030
MLS
⋅
ACTIVE
Status
4230 Hoyt Avenue, Everett
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
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