3319 Oakes Ave

Introducing Royal Oakes Fourplex, a strategically located investment gem in North Everett near the Everett Waterfront, Everett Station, Everett Community College, Boeing, and the Naval Station. This desirable Snohomish County apartment building offers a unique investment opportunity with both immediate cash flow and potential upside through unit renovations. Specifically, the current 5.5% cap rate should stabilize to a 6% cap as units trend to market rents, while basic renovations could allow for a cap rate above 8%. Comprised of two 2-bedroom/1.5- bath apartments and two 2-bedroom/1.75-bath units, this property ensures a reliable, steady cash flow. Recent upgrades to the property include a fully renovated Unit C in 2023, and the property offers quality features like double pane windows,

unknown Listing courtesy of Dan Swanson with Kidder Mathews
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unknown Listing courtesy of Dan Swanson with Kidder Mathews