113-115 West Casino Road

Everett, WA 98204

$3,000,000
Price
2
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Professionally managed 13-unit building with two-bedroom apartments, open floor plans, in-unit washer/dryer, and surface parking. In-place rents below market, with potential to achieve rental premiums up to $415 per unit post-renovation. Located just 3 miles from Boeing's Everett facility (30,000+ employees) and close to Amazon and Funko distribution centers. Just half a mile from the upcoming Evergreen Light Rail Station, port of Sound Transit Everett Link Extension (service begins 2037), with 48%...Professionally managed 13-unit building with two-bedroom apartments, open floor plans, in-unit washer/dryer, and surface parking. In-place rents below market, with potential to achieve rental premiums up to $415 per unit post-renovation. Located just 3 miles from Boeing's Everett facility (30,000+ employees) and close to Amazon and Funko distribution centers. Just half a mile from the upcoming Evergreen Light Rail Station, port of Sound Transit Everett Link Extension (service begins 2037), with 48% of Everett housing renter-occupied, this is an ideal investment to capitalize on Everett's growing demand for multifamily housing.

Listing Agents

  1. Coleton Pantley

    Coleton Pantley

    Listing Agent

    Compass

  2. Sean McConnell

    Sean McConnell

    Alternative Listing Agent

    Compass

Property Details for 113-115 West Casino Road

Community Name
Casino
School District
Everett
View
Mountain
Number of Assigned Spaces
26
Total Covered Parking
0
Entry Date
10-08-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:59 AM

Property Details for 113-115 West Casino Road

StatusActive
MLS #2299628
Days on Market56
Cumulative Days on Market56
Taxes$21,353 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2001
Lot Size0.57 AC / 24,829 SF
CountySnohomish County
Buyer's Agent Compensation2.5%

Building Information for 113-115 West Casino Road

Stories3Residences1Year Built2001Building Size-Lot Size0.57 AC / 24,829 SF

Property Information for 113-115 West Casino Road

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Deck, Sprinkler System
  • Area: 740 - Everett/Mukilteo
  • Directions: Take I-5N, Merge onto WA 526 via Exit 189 toward Mukilteo/Whidbey Island Ferry. Take the Evergreen Way exit, turn left onto Evergreen Way and turn right onto Casino Road.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2001
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 22.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Fire Sprinklers
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PUD
  • Sewer Company: City of Everett
  • Water Company: City of Everett
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 6
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 00393500003006
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 22
  • Number of Stories in Building: 3
  • Vacancy Rate: 7
  • Number Of Units Total: 1
  • Units Below Grade: false
  • Units In Building Total: 13
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 97050
  • Gross Adjusted Income: 243450
  • Gross Rent Multiplier: 11.17
  • Gross Scheduled Income: $268,631
  • Insurance Expense: $5,200
  • Net Operating Income: $129,879
  • Other Expenses: $70,497
  • Total Monthly Income: 21305
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 7
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 938
  • Rent Unit 1: $1,504.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 12108.0
  • Leasable Area Units: Square Feet

Property History for 113-115 West Casino Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 113-115 West Casino Road

This home is within Mukilteo School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Horizon Elementary School
PublicK to 5

Olympic View Middle School
Public6 to 8

Mariner High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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113-115 West Casino Road is a multi-family home for sale in Everett, WA 98204. This property was listed for sale on October 8, 2024 by Compass, it's currently listed at $3,000,000. This listing's school district is Mukilteo School District. Nearby schools include Horizon Elementary School, Olympic View Middle School and Mariner High School. 113-115 West Casino Road is a 2-bed, 1-bath, multi-family home built in 2001.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.