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Marie Anne Terrace Apartments

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Marie Anne Terrace Apartments

1030 Ttereve Dr, Everett, WA 98203
Multi-Family For Sale Available Cap Rate 6.04% Built 1968 3 floors Zoning: MU
Asking Price
$5,995,000
Total Building30,468 SF
Available30,468 SF avail
Land24,990 SF land
ConstructionFramed
MarketMukilteo
CountySnohomish

Read Overview
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Overview

Property ID
303890
Listing ID
697614
Type
Multi-Family
Asset Class
Multi-Family
Zoning
MU

Description

Centrally located 33-unit multifamily asset in Everett with consistent performance and meaningful upside potential. Financials are based on 2025 proforma figures, with scheduled rent increases taking effect June 1st that will enhance income. Utility reimbursements were introduced in summer 2024; while they will positively impact income going forward, they may reduce net figures in a trailing 12-month underwriting due to partial-year implementation. Roughly one-third of the units have undergone full, functional renovations, leaving room for continued value-add improvements. This is a well-located property with a clear path to increased cash flow and long-term equity growth.

Listing Courtesy of:

JW
Jesi Williams
John L. Scott - Mukilteo
12221 Village Ctr. Pl. # 103,
Mukilteo, WA 98275
State: WA City: Everett ZIP: 98203 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.