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Listing Firm: Sterling Johnston Real Estate: Donna Marshall

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On May 4, 2022
NWMLS # 1890956

$1,610,000

  • Sold Price

7601 Ridgewood Drive #1-8, Everett, WA 98203

Listings with the three tree icon are courtesy of NWMLS

About This Property

8 Units-4 duplexes plus a Cell Tower Pad, 5.7% Actual Cap Rate,Market Cap 6.1%,Great opportunity for savvy investor to acquire 8 units plus a Cell Tower Pad generating $13,224 a year leased to AT&T,3% annual rent increases.Development opportunity R3,new electric panels,newer double pane windows,new roofs. All units include washer/dryer hookups,plenty of parking.Increase rents w/min updating or bill back utilities.Perfect for the investor looking for immediate cash flow or development opportunity.Immediate Upside to rents or update interiors for even higher rents.Rent growth in Everett expected above 5%.Waterfront Development is expected to support 2,075 new jobs.Minutes to I-5 Paine Field Airport, Boeing & Everett Mall Way.

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: Donna Marshall • Sterling Johnston Real Estate

Aris360 Last Checked: 2 Minutes Ago (Jul 06, 2025 05:06 AM)

  • Source: NWMLS as Distributed by MLS Grid #1890956

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Ridgewood
  • Zip/Postal Code: 98203
  • City: Everett

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$3,847 per month
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Property Features

  • County
    • Everett Mall
  • Community
    • 740 - Everett/Mukilteo
  • MLS Area
    • 740 - Everett/Mukilteo
  • Longitude
    • -122.197281
  • Latitude
    • 47.92803
  • Directions
    • Follow I-5 N Take exit 189 right lane toward Everett Mall Way, left 2 lanes to turn L Everett Mall WayTurn R onto Everett Mall WY, turn R onto Broadway,Turn R 75th St SE,Turn R on Ridgewood Dr

  • Interior
    • Forced Air
    • Wall to Wall Carpet
    • Laminate Hardwood
  • Floors
    • Laminate
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 1
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 20
  • Lot Description
    • Corner Lot,
    • Dead End Street,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Site Description
    • Cable TV,Patio
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres

    • 2

  • Condition
    • Good,
  • Water
    • city of everett
  • Building Total Area (Sq. Ft.)
    • 67082
  • Has View
    • Yes
  • Utilities
    • Cable Connected,
    • Sewer Connected,
    • Electric,
  • Energy Features
    • Thermal Windows,
  • View Description
    • Mountain(s),
    • Territorial,

  • High School District
    • Everett
  • Jr. High School
    • Evergreen Mid
  • Elementary School
    • Emerson Elem
  • High School
    • Cascade High

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $13223
  • Year Built
    • 1977
  • Effective Year Built
    • 1990
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jul 06 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 06, 2025 05:06 AM