Riverside Homes with 55 - 5-9 Units Style

Riverside Homes with 55 - 5-9 Units Style

Welcome to Riverside, a charming neighborhood nestled in the heart of Everett, Washington, within the scenic Snohomish County. Known for its picturesque landscapes and vibrant community spirit, Riverside offers a unique blend of suburban tranquility and urban convenience.

As you stroll through the tree-lined streets, you’ll find a delightful mix of homes, with the distinctive 55 to 59 units style standing out for its spacious layouts and thoughtful designs. These homes are perfect for families, young professionals, and retirees alike, offering a comfortable living experience that caters to diverse lifestyles. The architectural styles are varied, ensuring that each residence has its own unique character, while still fitting harmoniously within the community.

Riverside is not just about beautiful homes; it’s also about a lifestyle. The neighborhood boasts easy access to parks and recreational facilities, making it an ideal spot for outdoor enthusiasts. Enjoy leisurely walks along the Snohomish River or take advantage of the nearby trails for biking and hiking. Families will appreciate the proximity to schools, shopping centers, and dining options, providing everything you need right at your fingertips.

With a strong sense of community, Riverside hosts various events throughout the year, fostering connections among neighbors and creating lasting friendships. Whether you’re looking to buy your first home or seeking a peaceful retreat, Riverside offers a welcoming atmosphere and a vibrant lifestyle that makes it a truly desirable place to call home. Discover the charm of Riverside today and experience the perfect blend of comfort, community, and convenience!

Newest Riverside Homes with 55 - 5-9 Units Style

$1,150,000
2547331 MLS ⋅ ACTIVE Status
Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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