Listed by Skyline Properties, Inc.
NOT LISTED FOR SALE

7601 Ridgewood Dr Unit 1-8 Everett, WA 98203

Valley View Neighborhood
-- Bed
-- Bath
6,568 Sq Ft
1.54 Acres

Last Sold May 04, 2022

Last sale price $1,610,000 $245 Per Sq Ft

3 Days on Market

Highlights

  • 1.54 Acre Lot
  • Corner Lot
  • Thermal Windows
  • Mountain View
  • No HOA
  • Patio

About This Home

As of May 2022

8 Units-4 duplexes plus a Cell Tower Pad, 5.7% Actual Cap Rate,Market Cap 6.1%,Great opportunity for savvy investor to acquire 8 units plus a Cell Tower Pad generating $13,224 a year leased to AT&T,3% annual rent increases.Development opportunity R3,new electric panels,newer double pane windows,new roofs. All units include washer/dryer hookups,plenty of parking.Increase rents w/min updating or bill back utilities.Perfect for the investor looking for immediate cash flow or development opportunity.Immediate Upside to rents or update interiors for even higher rents.Rent growth in Everett expected above 5%.Waterfront Development is expected to support 2,075 new jobs.Minutes to I-5 Paine Field Airport, Boeing & Everett Mall Way.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 03/07/2022

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1890956

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,223

Year Built

  • Built in 1977

Lot Details

  • 1.54 Acre Lot
  • Street terminates at a dead end
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,568 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 20 Parking Spaces
  • Open Parking

Schools

  • Emerson Elementary School
  • Evergreen Mid Middle School
  • Cascade High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Everett Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00603700000400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,223

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6568
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Dead End Street, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: city of everett
  • WaterSewerGarbage: 9854

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00603700000400
  • Lot Size Acres: 1.54
  • Lot Size Sq Ft: 67082
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 10702

Multi Family

  • Gross Scheduled Income: 128424
  • Net Operating Income: 89988
  • Number Of Units Total: 11
  • Insurance Expense: 3263
  • Leasable Area: 6568
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2022
  • Tax Annual Amount: 13223

MLS Schools

  • Elementary School: Emerson Elem

Range of Values:

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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
05/04/2022 05/04/22 Sold $1,610,000 +2.2% $245 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $1,575,000 -- $240 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donna Marshall

    Seller's Agent in 2022

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    2 in this area

    34 Total Sales

    Donna Marshall
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1890956

Northwest Multiple Listing Service (NWMLS)
Washington Snohomish County Everett 98203 Valley View

7601 Ridgewood Dr Unit 1-8, Everett, WA

This home is located at 7601 Ridgewood Dr Unit 1-8, Everett, WA 98203 since 07 March 2022. This property was built in 1977. 7601 Ridgewood Dr Unit 1-8 is a home located in Snohomish County with nearby schools including Emerson Elementary School, Evergreen Middle School, and Cascade High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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