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Canelina Apartments 107-109 W Casino Rd

4 Unit Apartment Building $3,401,808 CAD ($850,452 CAD/Unit) 6.42% Cap Rate Everett, WA 98204

Apartment Buildings Washington Everett 107-109 W Casino Rd, Everett, WA 98204

Investment Highlights

  • 2 new roofs in 2024 3rd in 2017
  • Fresh Paint
  • Vinyl Windows

Executive Summary

Presenting a prime investment opportunity in the heart of Everett, WA! This well-maintained property consists of three 4-plex buildings located on two separate tax parcels, offering a total of 12 units. Two of these buildings were constructed in 1977, while the third was added in 1979. Each unit boasts a comfortable and spacious 808 square feet of living space, featuring two bedrooms and one bathroom. Residents also enjoy the convenience of a common laundry area in each building. Rents are 25% below market. Upgrades include roofs, vinyl windows & Submeter sys. for water.

Attachments

107-109 Casino marketing Package 2400000 (1)

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $286,857 $28.46
Other Income - -
Vacancy Loss - -
Effective Gross Income $286,857 $28.46
Taxes $25,046 $2.48
Operating Expenses $29,216 $2.90
Total Expenses $54,262 $5.38
Net Operating Income $232,596 $23.07

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $286,857
Annual Per SF $28.46
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $286,857
Annual Per SF $28.46
Taxes (CAD)
Annual $25,046
Annual Per SF $2.48
Operating Expenses (CAD)
Annual $29,216
Annual Per SF $2.90
Total Expenses (CAD)
Annual $54,262
Annual Per SF $5.38
Net Operating Income (CAD)
Annual $232,596
Annual Per SF $23.07

Property Facts

Price $3,401,808 CAD Apartment Style Garden
Price Per Unit $850,452 CAD Building Class C
Sale Type Investment Lot Size 0.50 AC
Cap Rate 6.42% Building Size 10,080 SF
Sale Conditions 1031 Exchange Average Occupancy 96%
No. Units 4 No. Stories 2
Property Type Multifamily Year Built 1979
Property Subtype Apartment Parking Ratio 1.58/1,000 SF
Price $3,401,808 CAD
Price Per Unit $850,452 CAD
Sale Type Investment
Cap Rate 6.42%
Sale Conditions 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.50 AC
Building Size 10,080 SF
Average Occupancy 96%
No. Stories 2
Year Built 1979
Parking Ratio 1.58/1,000 SF

Unit Amenities

  • Balcony
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 $1,981 CAD 808
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Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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measures access to public transit. Bike Score®
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PROPERTY TAXES

Parcel Number 003935-000-030-07 Total Assessment $2,168,681 CAD
Land Assessment $545,169 CAD Annual Taxes $25,046 CAD ($2.48 CAD/SF)
Improvements Assessment $1,623,512 CAD Tax Year 2024

PROPERTY TAXES

Parcel Number
003935-000-030-07
Land Assessment
$545,169 CAD
Improvements Assessment
$1,623,512 CAD
Total Assessment
$2,168,681 CAD
Annual Taxes
$25,046 CAD ($2.48 CAD/SF)
Tax Year
2024

zoning

Zoning Code R-3, Everett
R-3, Everett
(425) 422-7931

  • Listing ID: 33871887

  • Date on Market: 2024-11-14

  • Last Updated:

  • Address: 107-109 W Casino Rd, Everett, WA 98204

The S Everett/Harbor Point Multifamily Property at 107-109 W Casino Rd, Everett, WA 98204 is currently available. Contact Keller Williams Commercial Real Estate for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Canelina Apartments | 107-109 W Casino Rd
(425) 422-7931 x

Canelina Apartments | 107-109 W Casino Rd

Corey Crain

(425) 422-7931

(425) 422-7931

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