2424 Rucker Ave Everett, WA 98201
Value-add multifamily property with renovation upside in desirable Everett location.
Property size:
11,856 SFProperty Features for 2424 Rucker Ave
General Information
- Size
- 11,856 SF
Building Details
- Year built
- 1969
Source:
Sperrycga
Listing Agent: Levi Sterley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Everett Multifamily Investment Opportunity
The Bayside Apartments, a 10-unit multifamily building, presents an investment opportunity in Snohomish County. Located on Rucker Ave, the property overlooks the East Waterway and is near Everett High School, Port Gardner Bay, and downtown Everett. Residents have access to dining, entertainment, outdoor recreation, and transportation. The property features spacious one and two-bedroom units, with one-bedroom units averaging 631 square feet and two-bedroom units averaging 909 square feet. Select units offer views of the water and Puget Sound. The building includes a secured parking garage with remote access, a shared laundry facility, and storage lockers. One unit has a washer and dryer. Select units have balconies, LVP flooring, hard surface countertops, and updated hardware. The property also features a manicured common area courtyard and front yard, ample off-street parking, and security cameras. There are four rear surface parking spaces. The location on Rucker Ave is desirable, and the oversized windows provide natural light. The property offers a stable occupancy and consistent income stream. Renovation upside is estimated at approximately $344 per unit per month, with potential to add laundry to units to increase monthly rent. Approximately 81.5% of the assessed value is improvements, suggesting bonus depreciation benefits. TopGolf has solidified plans for a new Everett Mall location, which is 13 minutes (5.9 mi) South of Bayside.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Snohomish
- State
- Washington
- Longitude
- -122.2117666
- Latitude
- 47.9850979
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property with renovation upside in desirable Everett location.
Where is this apartment building located?
The property is located at 2424 Rucker Ave Everett, WA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: - Significant rental income upside potential through strategic renovations and modernization, estimated at $344/month per unit.; - Prime location on Rucker Ave in a desirable, historic area of Snohomish County, offering views of the Puget Sound and proximity to downtown Everett.; - Strong local economy driven by major employers like Boeing and Providence Regional Medical Center, ensuring a stable tenant base.