Cascade View | 113-115 W Casino Rd
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Cascade View 113-115 W Casino Rd
13 Unit Apartment Building $4,252,260 CAD ($327,097 CAD/Unit) Everett, WA 98204
Investment Highlights
- Ideal value-add opportunity in Everett built in 2001 with immediate access to the area’s largest employers, retail amenities, and planned light rail
- All units are in primarily classic condition with in-place rents below market rate; rental premiums up to $415 per unit achievable post repositioning
- Half-mile from planned Evergreen Light Rail Station for Sound Transit’s Everett Link Extension with service beginning in 2037
- Professionally managed with 13 two-bedroom units and ample surface parking; open floorplans with ample storage and in-unit washer and dryer
- Three miles and under from the Boeing Everett Production Facility with 30,000+ employees, Amazon, and Funko distribution centers
- Capitalize on area demand and complete renovation scope prior to anticipated deliveries coinciding with light rail expansion
Executive Summary
Looking for a repositioning opportunity in Everett? Welcome to CASCADE VIEW at 113-115 W Casino Rd, Everett, WA 98204. Priced at $3,000,000, this value-add property features 13 two-bedroom units with surface parking and immediate access to major employers. Situated half a mile from the planned Evergreen Light Rail Station, set for service in 2037, this property offers rental premium potential up to $415 per unit after renovation. With in-place rents below market rate, there's an opportunity to capitalize on the area's growing demand and positive leasing trends. The professionally managed units boast open floor plans, ample storage, and in-unit washer/dryers. Just 3 miles from Boeing Everett Production Facility and with a favorable zoning of UR4, CASCADE VIEW presents an ideal investment opportunity for reaping future rewards in a prime location. Time to secure your piece of the thriving Everett multifamily market!
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Property Facts
| Price | $4,252,260 CAD | Building Class | C |
| Price Per Unit | $327,097 CAD | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 12,200 SF |
| No. Units | 13 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2001 |
| Apartment Style | Low Rise | Parking Ratio | 1.56/1,000 SF |
| Price | $4,252,260 CAD |
| Price Per Unit | $327,097 CAD |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 12,200 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 2001 |
| Parking Ratio | 1.56/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Kitchen
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 800 - 1,100 |
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 003935-000-030-06 | Improvements Assessment | $3,155,962 CAD |
| Land Assessment | $838,214 CAD | Total Assessment | $3,994,176 CAD |
PROPERTY TAXES
Parcel Number
003935-000-030-06
Land Assessment
$838,214 CAD
Improvements Assessment
$3,155,962 CAD
Total Assessment
$3,994,176 CAD
zoning
| Zoning Code | UR4 |
| UR4 |
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Cascade View | 113-115 W Casino Rd
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