*Email Brokers to schedule tour 10/6/2023 11AM-2PM* 2601 Oakes Ave offers residents a 95 walk score with ample access to downtown Everett and local commuting/transportation routes. The opportunity presents a projected 21%+ upside on base rents through further renovations equating to a $338/mo per unit lift. The potential to convert the corner building to a SFR house makes this a perfect owner-occupied investment, or live in one apartment and rent the remaining three. Additionally, the R-4 zoning designation could offer a future assemblage/redevelopment opportunity. With nearly $129,000 spent on CAP Ex in the last two years including electrical, the asset is in great condition and can be viewed as a light value-add or turnkey investment.
Current Location
