1201 Pacific Avenue, Everett, WA 98201
- $2,399,000
Listing courtesy of Keller Williams Realty Bothell. Selling Office: The Foundation Group LLC.
- Sold Price
- $2,399,000
- List Price
- $2,399,999
- Status
- SOLD
- MLS#
- 2166055
- Closing Date
- Mar 20, 2024
- Days on Market
- 93
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Annual Tax Ammount
- 14633
- Lot Size (sq ft)
- 14,375
- Sewer
- Sewer Connected
Property Description
Elevate your real estate portfolio with The Norton Apartments, a historic landmark nestled atop Marine View Drive and Pacific Avenue in Everett, WA. With sweeping mountain and sound views, plus promising value-add opportunities and future redevelopment potential, this property is a timeless investment choice. The Norton Apartments have graced the Everett skyline since the turn of the century, offering unparalleled views of downtown Everett, the waterfront, and being just a block away from Providence Hospital. This prime location is a testament to its enduring appeal.
/u.realgeeks.media/360degreesrealestate/header.png)
Additional Information
- List Date
- 2023-12-18 00:00:00
- Community
- Everett
- Net Operating Income
- $147,420
- Gross Adjusted Income
- $238,329
- Gross Scheduled Income
- $245,700
- Total Monthly Income
- $20,475
- Insurance Expenses
- $7,318
- Water/Sewer/Garbage Expenses
- $15,040
- Gross Rent Multiplier
- 9
- Total Expenses
- $90,909
- Cap Rate
- 6.14
- Vacancy Rate
- 3
- Total Number of Units
- 18
- Unit Name
- 1201
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1922
- View
- City, Mountain(s), Sound
- Roof
- Flat, Torch Down
- Electric Expenses
- 2468
- Other Expenses
- 51450
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $20,475
- Gross Scheduled Income
- $245,700
- Vacancy Rate
- 3
- Gross Adjusted Income
- $238,329
- Tax Year
- 2023
- Insurance Expense
- $7,318
- W/S/G Expenses
- $15,040
- Total Expenses
- $90,909
- Net Operating Income
- $147,420
- Gross Rent Multiplier
- 9
- Cap Rate
- 6.14
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.