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Bay Vista Apartments

2918, Nassau St., Everett, WA 98201
$3,400,000

Description

Bay Vista Apartments (Status: Pending)

2918, Nassau St., Everett, WA  98201

On the market for the first time in over 40 years, Bay Vista Apartments offers local investors a chance to acquire a strong value-add property in a well-located growth area in Everett, WA. Near the waterfront, Bay Vista offers tenants a mix of one and two bedroom apartment homes, as well as one studio apartment. The building has common coin-op laundry facilities on three floors, with elevator and stair access to units on all four floors. Each unit offers spacious living arrangements, decks, and views of the Puget Sound: The average one bedroom is roughly 670SF, the average two-bedroom averages 1,035SF. Current rents are substantially below market rents in the area, allowing an investor the opportunity to increase the GEI through full unit renovations by upwards of $140,000 annually.

Listing Details

Asset Class: Multi-Family
Year Built: 1968
Building Total Square Feet: 20415
Available Lease Space Square Feet:
Number of Floors: 4
Total Parking Spaces: 0
Local Zoning Information: R4

CBA

Listing Courtesy of: Lee & Associates Commercial Real Estate Services

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 2918, Nassau St., Everett, WA 98201
  • City: Everett
  • State/county: WA
  • Zip/Postal Code: 98201
  • Neighborhood: Not Assigned
  • Country: United States

Detail

Updated on January 21, 2022 at 8:33 pm

  • Property ID: 646233
  • Price: $3,400,000.00/For Sale
  • Property Size: 20415 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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