NOT LISTED FOR SALE
-- Bed
-- Bath
4,200 Sq Ft
4,356 Sq Ft Lot

Last Sold March 10, 2022

Last sale price $1,390,000 $331 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 4-minute walk to Henry Jackson Park
  • Vinyl Plank Flooring

About This Home

As of March 2022

Fully renovated 7-unit apartment building offering all one-bedroom one-bath units. Over $265,000 in completed renovation makes Whistwood a turnkey, low-maintenance, cash-flow investment with 21% upside in income through nominal rent increases and RUBS implementation. The opportunity to acquire 7 units at a 5.39% CAP rate and take it to a 6.40% provides a rare opportunity in today's ultra-competetive multifamily marketplace. Additionally, a qualified buyer may assume the current loan with a down payment of approximately 25%. A new interest-only loan has the potential to increase cash-flow to nearly $40K/yr+.

Last Agent to Sell the Property

Levi Sterley

Capstone Commercial License #141098 Listed on: 11/04/2021

Last Buyer's Agent

Ted Wood

Capstone Commercial License #131981

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1867502

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,858

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Built-Up Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 7 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • No Home Owners Association
  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00438731401700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,858

Year Built

Built in 1919 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1919
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4200
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Property Condition: Remodeled
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00438731401700
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: SCA
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.5
  • LeasedItems: None
  • TotalMonthlyIncome: 8335

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7858

Multi Family

  • Number Of Units Total: 7
  • EnergySource: Electric
  • UnitsBelowGrade: false

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2022 03/10/22 Sold $1,390,000 +3.0% $331 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/08/2021 12/08/21 For Sale $1,350,000 0.0% $321 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,350,000 +117.7% $321 / Sq Ft
10/29/2018 10/29/18 Sold $620,000 -4.6% $148 / Sq Ft View Prior Sale
09/11/2018 09/11/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $650,000 +5.7% $155 / Sq Ft
06/29/2017 06/29/17 Sold $615,000 -0.6% $146 / Sq Ft View Prior Sale
06/05/2017 06/05/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $619,000 -- $147 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1867502

Northwest Multiple Listing Service (NWMLS)

APN: 00438731401700