2424 Rucker Avenue Unit #1-10, Everett, WA 98201
- $2,200,000
- 9,200
- SqFt
Listing courtesy of Capstone Commercial. Selling Office: Capstone Commercial.
- Sold Price
- $2,200,000
- List Price
- $2,450,000
- Status
- SOLD
- MLS#
- 2346091
- Closing Date
- Aug 28, 2025
- Days on Market
- 136
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 9,200
- Area Total SqFt
- 9200
- Annual Tax Ammount
- 18052
- Lot Size (sq ft)
- 9,148
- Sewer
- Available
Property Description
Bayside offers investors the chance to acquire an attractive, light value-add property with substantial upside through further renovations. Currently, 7/10 units have been lightly renovated and 3/10 remain untouched. Renovations include some countertops being replaced, LVP flooring, stainless appliances, paint, fixtures, and hardware. One unit has laundry added, while the remaining nine utilize the shared facility on the lower level of the building. There is an estimated $341/mo + per unit upside achievable through further renovations. For investors who believe location matters, Rucker Ave. is often considered one of the best apartment rental locations in Everett due to the areas strong underlying economic fundamentals & demographics.
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Additional Information
- List Date
- 2025-04-14 00:00:00
- Community
- Everett
- Net Operating Income
- $147,277
- Gross Adjusted Income
- $211,885
- Gross Scheduled Income
- $223,036
- Total Monthly Income
- $17,439
- Insurance Expenses
- $6,818
- Water/Sewer/Garbage Expenses
- $5,440
- Gross Rent Multiplier
- 10.98
- Total Expenses
- $64,608
- Cap Rate
- 6.01
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 2424
- Potential Terms
- Cash Out, Conventional, Rehab Loan
- Year Built
- 1969
- View
- Bay
- Roof
- Flat
- Electric Expenses
- 844
- Other Expenses
- 29494
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $17,439
- Gross Scheduled Income
- $223,036
- Vacancy Rate
- 5
- Gross Adjusted Income
- $211,885
- Tax Year
- 2025
- Insurance Expense
- $6,818
- W/S/G Expenses
- $5,440
- Total Expenses
- $64,608
- Net Operating Income
- $147,277
- Gross Rent Multiplier
- 10.98
- Cap Rate
- 6.01
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.