2014 Hoyt Avenue, Everett, WA 98201

$1,860,000
6,223
SqFt

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Listing courtesy of John L. Scott Snohomish. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,860,000
List Price
$1,900,000
Status
SOLD
MLS#
2409510
Closing Date
Jan 28, 2026
Days on Market
97
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
6,223
Area Total SqFt
6223
Annual Tax Ammount
15666
Lot Size (sq ft)
9,000
Sewer
Available

Property Description

Hoyt Gardens Condominiums is a well-maintained, 6-unit condominium offered as a complete portfolio with a zoning upside for further development! Spacious condos boasting strong occupancy and easy rental appeal, covered parking, private storage for each unit, and in-unit laundry. Unit 2 has a full 2024 renovation and each other unit is well maintained with light value-add potential. Built for longevity with concrete siding, steel stairs, concrete paths and new fencing. Residents enjoy a secure courtyard, individual patios/decks, and landscaped grounds. With a 25-year reserve study in place and cap ex planned, Hoyt Gardens delivers long-term value just blocks from Grand Ave Park, Pedestrian overpass, Schools, hospitals, Shopping, and retail.

Additional Information

List Date
2025-10-23 00:00:00
Community
North Everett
Net Operating Income
$100,089
Gross Adjusted Income
$133,334
Gross Scheduled Income
$140,352
Total Monthly Income
$11,550
Insurance Expenses
$4,598
Water/Sewer/Garbage Expenses
$2,127
Gross Rent Multiplier
14.2
Total Expenses
$33,245
Cap Rate
5
Vacancy Rate
5
Total Number of Units
6
Unit Name
2014
Potential Terms
Cash, Conventional, See Remarks
Year Built
1968
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
Electric Expenses
1001
Other Expenses
9853
Energy Source
Electric, Wood
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$11,550
Gross Scheduled Income
$140,352
Vacancy Rate
5
Gross Adjusted Income
$133,334
Tax Year
2025
Insurance Expense
$4,598
W/S/G Expenses
$2,127
Total Expenses
$33,245
Net Operating Income
$100,089
Gross Rent Multiplier
14.2
Cap Rate
5
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.
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