1532 Walnut Street, Everett, WA 98202 | 1867502 | Prime Alliance Real Estate Services

1532 Walnut Street $1,350,000

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    1532 Walnut Street Everett, WA 98202

    • 0 Beds
    • 0 Baths
    • 4,200 sq. ft.
    • Multi-Family
    • Listing# 1867502
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    Views: 9 Days On Site: 9

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    Property Details

    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+.

    • General Features
      • County Or Parish Snohomish
      • Furnished Unfurnished
      • Leasable Area 3160
      • Leasable Area Units Square Feet
      • MLS Area Major 740 - Everett/Mukilteo
      • New Construction Y/N No
      • Property Sub Type Multi-Family
      • Special Listing Conditions None
      • Style Code 55 - 5-9 Units
      • Subdivision Name Everett
      • Tax Annual Amount 7858
      • Tax Year 2021
      • Year Built 1919
    • Building Features
      • Building Area Total 4200
      • Building Area Units Square Feet
      • Exterior Features Wood, Wood Products
      • Heating Y/N Yes
      • Living Area 0
      • Living Area Units Square Feet
      • Roof Built-Up
    • Property Features
      • Carport Spaces 0
      • Carport Y/N No
      • Covered Spaces 1
      • Irrigation Water Rights Y/N No
      • Lot Size Acres 0.1
      • Lot Size Square Feet 4356
      • Lot Size Units Square Feet
      • Open Parking Spaces 6
      • Open Parking Y/N Yes
      • Parking Total 7
      • Sewer Sewer Connected
      • Utilities Sewer Connected,Electricity Available
      • View Y/N No
      • Waterfront Y/N No
    • Schools
      • High School District Everett

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    Neighborhood

    98202 (Everett) Demographics

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $1,350,000
    11/24/2021 2:34:00 PM New in Database Source: Multiple Listing Service New Value: $1,350,000

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    **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

    This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.