Summit | 2222 Summit Ave
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Summit 2222 Summit Ave
4 Unit Apartment Building $1,919,700 CAD ($479,925 CAD/Unit) 5.05% Cap Rate Everett, WA 98201
Investment Highlights
- Exceptional finishes and furnishings
- Upgraded plumbing and electrical
- New exterior and interior
Executive Summary
Incredible Multifamily Investment Opportunity – Prime Location with Premium Finishes & Outstanding Potential. 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 return on investment and long-term value appreciation.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$149,907
|
$62.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$149,907
|
$62.02
|
| Taxes |
$8,147
|
$3.37
|
| Operating Expenses |
$15,508
|
$6.42
|
| Total Expenses |
$23,655
|
$9.79
|
| Net Operating Income |
$126,252
|
$52.24
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,907 |
| Annual Per SF | $62.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $149,907 |
| Annual Per SF | $62.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,147 |
| Annual Per SF | $3.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,508 |
| Annual Per SF | $6.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,655 |
| Annual Per SF | $9.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $126,252 |
| Annual Per SF | $52.24 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Basement
- Breakfast Nook
- Built-In Bookshelves
- Coffee System
- Double Pane Windows
- Family Room
- Handrails
- Island Kitchen
- Lawn
- Pantry
- Porch
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Smoke Free
- Walking/Biking Trails
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,695 CAD | 737 |
| 1+1 | 2 | $2,837 CAD | 486 |
| 1+1 | 3 | $2,837 CAD | 636 |
| 1+1 | 4 | $2,552 CAD | 558 |
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zoning
| Zoning Code | Multi-Family (Multi-Family, Residential) |
| Multi-Family (Multi-Family, Residential) |
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Summit | 2222 Summit Ave
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