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Oakes Avenue Apartment

2601, Oakes Ave, Everett, WA 98201
$995,000

Description

Oakes Avenue Apartment (Status: Pending)

2601, Oakes Ave, Everett, WA  98201

2601 Oakes Avenue is located just off State Route 529 in North Everett and offers residents Puget Sound living with a 95 Walk Score, ample access to downtown Everett, as well as proximity to local commuting and transportation routes. The Everett Waterfront is roughly half a mile to the West, with Waterfront Place being just over a mile Northwest. The opportunity presents investors with a projected 21%+ upside on base rents through further renovations in addition to capturing loss-to-lease dollars equating to a $338/mo per unit lift. The potential to convert the corner building to a SFR house makes this a perfect owner-occupied investment, or live in one apartment and rent the remaining three. Additionally, the R-4 zoning designation could offer a future assemblage/redevelopment opportunity

Listing Details

Asset Class: Multi-Family
Year Built: 1905
Building Total Square Feet: 4090
Available Lease Space Square Feet: 3810
Number of Floors: 2
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: 2601, Oakes Ave, Everett, WA 98201
  • City: Everett
  • State/county: WA
  • Zip/Postal Code: 98201
  • Neighborhood: Everett
  • Country: United States

Detail

Updated on December 10, 2023 at 6:31 pm

  • Property ID: 672572
  • Price: $995,000.00/For Sale
  • Property Size: 4090 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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