Summit | 2222 Summit Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Summit 2222 Summit Ave
4 Unit Block of Flats £1,057,455 (£264,364/Unit) 5.05% Net Initial Yield 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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£82,575
|
£34.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£82,575
|
£34.16
|
| Taxes |
£4,488
|
£1.86
|
| Operating Expenses |
£8,543
|
£3.53
|
| Total Expenses |
£13,030
|
£5.39
|
| Net Operating Income |
£69,545
|
£28.77
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £82,575 |
| Annual Per SF | £34.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £82,575 |
| Annual Per SF | £34.16 |
| Taxes | |
|---|---|
| Annual | £4,488 |
| Annual Per SF | £1.86 |
| Operating Expenses | |
|---|---|
| Annual | £8,543 |
| Annual Per SF | £3.53 |
| Total Expenses | |
|---|---|
| Annual | £13,030 |
| Annual Per SF | £5.39 |
| Net Operating Income | |
|---|---|
| Annual | £69,545 |
| Annual Per SF | £28.77 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Crown Moulding
- 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 | £1,484 | 737 |
| 1+1 | 2 | £1,563 | 486 |
| 1+1 | 3 | £1,563 | 636 |
| 1+1 | 4 | £1,406 | 558 |
1 of 1
PROPERTY TAXES
| Parcel Number | 003773-462-023-00 | Total Assessment | £470,889 (2024) |
| Land Assessment | £195,198 (2024) | Annual Taxes | £4,488 (£1.86/sf) |
| Improvements Assessment | £275,690 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
003773-462-023-00
Land Assessment
£195,198 (2024)
Improvements Assessment
£275,690 (2024)
Total Assessment
£470,889 (2024)
Annual Taxes
£4,488 (£1.86/sf)
Tax Year
2023
zoning
| Zoning Code | Multi-Family (Multi-Family, Residential) |
| Multi-Family (Multi-Family, Residential) |
1 of 58
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Summit | 2222 Summit Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.