2222 Summit Avenue, Everett, WA 98201
- $910,000
- 2,417
- SqFt
Listing courtesy of John L. Scott Everett. Selling Office: Opal Blue Real Estate, LLC.
- Sold Price
- $910,000
- List Price
- $959,995
- Status
- SOLD
- MLS#
- 2345513
- Closing Date
- Jun 23, 2025
- Days on Market
- 52
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 2,417
- Area Total SqFt
- 2417
- Annual Tax Ammount
- 5278.98
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
Property Description
Incredible Multifamily Investment Opportunity – Prime Location with Premium Finishes & 0% Vacancy. This exceptional multifamily property presents a rare opportunity for investors and first time home buyers seeking a high-quality asset with significant rental income and value add potential. Set in one of Everett most prudent locations, pre-inspected with a perfect blend of top-of-the-line finishes, modern amenities and potential upside, this property promises an excellent cash flowing return on investment and long-term value appreciation.
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Additional Information
- List Date
- 2025-05-02 00:00:00
- Community
- Everett
- Net Operating Income
- $64,656
- Gross Scheduled Income
- $75,480
- Total Monthly Income
- $7,085
- Insurance Expenses
- $1,944
- Water/Sewer/Garbage Expenses
- $3,300
- Gross Rent Multiplier
- 12.7
- Total Expenses
- $10,822
- Cap Rate
- 14.85
- Total Number of Units
- 4
- Unit Name
- 2222
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1910
- View
- Territorial
- Roof
- Composition
- Site Features
- High Speed Internet
- Electric Expenses
- 300
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Garfield Elem
- Middle School
- Buyer To Verify
- High School
- Everett High
- Total Monthly Income
- $7,085
- Gross Scheduled Income
- $75,480
- Tax Year
- 2025
- Insurance Expense
- $1,944
- W/S/G Expenses
- $3,300
- Total Expenses
- $10,822
- Net Operating Income
- $64,656
- Gross Rent Multiplier
- 12.7
- Cap Rate
- 14.85
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.