Riverside Homes with 55 - 5-9 Units Style

Riverside Homes with 55 - 5-9 Units Style

Welcome to Riverside, a hidden gem nestled in the heart of Everett, Washington. This charming neighborhood in Snohomish County offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike. Riverside is known for its picturesque landscapes, friendly community, and easy access to the stunning natural beauty of the Pacific Northwest.

As you stroll through the tree-lined streets of Riverside, you'll be captivated by the variety of homes available, particularly the delightful 5-9 unit residences that embody the essence of community living. These homes are designed to foster connections while providing the privacy and comfort you crave. With spacious layouts and modern amenities, they cater to a range of lifestyles, whether you’re looking for a cozy retreat or a vibrant space for entertaining friends and family.

Living in Riverside means embracing a lifestyle filled with outdoor adventures and local charm. You’re just minutes away from the scenic Snohomish River, where you can enjoy kayaking, fishing, or simply taking in the breathtaking views. The neighborhood is also conveniently located near shopping centers, dining options, and parks, ensuring that everything you need is within reach.

Families will appreciate the quality schools and community programs, while nature enthusiasts will revel in the nearby hiking trails and recreational areas. Riverside truly offers something for everyone, making it a perfect place to call home. Come discover the warmth and vibrancy of Riverside, where your dream home awaits!

Newest Riverside Homes with 55 - 5-9 Units Style

$1,150,000
2547331 MLS ⋅ ACTIVE Status
Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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