Overview

Description

On the market for the first time in over 40 years, Bay Vista Apartments offers local investors a chance to acquire a strong value-add property in a well-located growth area in Everett, WA. Near the waterfront, Bay Vista offers tenants a mix of one and two bedroom apartment homes, as well as one studio apartment. The building has common coin-op laundry facilities on three floors, with elevator and stair access to units on all four floors. Each unit offers spacious living arrangements, decks, and views of the Puget Sound: The average one bedroom is roughly 670SF, the average two-bedroom averages 1,035SF. Current rents are substantially below market rents in the area, allowing an investor the opportunity to increase the GEI through full unit renovations by upwards of $140,000 annually.

Location

Located on Nassau St in the Port Gardner neighborhood in the City of Everett.

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