Riverside Homes with 55 - 5-9 Units Style

Riverside Homes with 55 - 5-9 Units Style

Welcome to Riverside, a charming neighborhood nestled in the heart of Everett, Washington, within the picturesque Snohomish County. Known for its serene ambiance and friendly community spirit, Riverside offers a unique blend of suburban tranquility and urban convenience.

As you stroll through the tree-lined streets, you'll be captivated by the delightful homes that characterize this area. Riverside features a variety of residences, with a notable focus on homes designed in the 55-59 units style. These homes are perfect for those seeking a balance between spacious living and a cozy atmosphere. With thoughtfully designed layouts, they provide ample space for families or individuals looking for a comfortable retreat.

The neighborhood is surrounded by lush parks and scenic waterways, making it an ideal spot for outdoor enthusiasts. Residents can enjoy leisurely walks along the Snohomish River or take advantage of the nearby recreational facilities. Riverside is also conveniently located near shopping centers, restaurants, and schools, ensuring that all your daily needs are just a short drive away.

Community events and local gatherings foster a sense of belonging among residents, making it easy to forge lasting friendships. With its rich natural beauty and a strong sense of community, Riverside is more than just a place to live; it's a place to call home. Whether you're looking for a family-friendly environment or a peaceful haven to unwind, Riverside in Everett is the perfect choice for your next real estate investment. Come and discover the charm of Riverside today!

Newest Riverside Homes with 55 - 5-9 Units Style

$1,150,000
2547331 MLS ⋅ ACTIVE Status
Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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