7601 7605 Ridgewood Dr (unit 1-10)

$2,150,000, 12 Beds 6 Baths 8,036 Sqft 1.68 Acres

Listing Office: Sterling Johnston Real Estate

About This Property

5% actual Cap Rate,Great opportunity for savvy investor to acquire 6 duplex's plus a Cell Tower Pad generating $12,100 a year leased to AT&T,3% annual rent increases. A total of 10 units and two tax lots. Development opportunity R3-up to 29 units per acre. 2 units- 7605 Ridgewood,8 units at 7601 Ridgewood,new electric panels,new double pane windows,new roofs. All units include washer/dryer hookups,plenty of parking.Increase rents w/min updating or bill back utilities.Current rents below market.

Essential Information

MLS® #1526567
Price$2,150,000
Bedrooms12
Bathrooms6.00
Square Footage8,036
Acres1.68
Year Built1977
TypeMulti Family
Sub-Type56 - 6-9 Units
StatusActive

Community Information

AreaEverett/Mukilteo
SubdivisionEverett Mall
CityEverett
CountySnohomish
StateWA
Zip Code98203

Address

7601 7605 Ridgewood Dr (unit 1-10)

Amenities

AmenitiesThermal Windows
ViewTerritorial, Mountain

Interior

HeatingForced Air, Baseboard

Exterior

ExteriorWood
RoofComposition
FoundationPoured Concrete

Lot Description

Corner Lot, Dead End Street, Sidewalk

School Information

DistrictEverett
ElementaryBuyer To Verify
MiddleEvergreen Mid
HighCascade High

Additional Information

Days on Market1
Cumulative Days on Market1
ZoningMulti-Family

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All listings featuring the icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2019. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by Sterling Johnston Real Estate and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing information last updated on October 20th, 2019 at 11:07pm PDT.

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