SNOHOMISH 4-PLEX. Wendy Pedersen VP Sales and Acquisitions OFFERING MEMORANDUM. Exclusively Offered by

Transcription

1 OFFERING MEMORANDUM th St. Snohomish, WA SNOHOMISH 4-PLEX Exclusively Offered by Wendy Pedersen VP Sales and Acquisitions wendy@cascadecommercialre.com

2 SNOHOMISH 4-PLEX Table of Contents Table of Contents 1. Investment Summary The Offering 2. Property Description Property Summary Interior Photos Location Overview Nearby Amenities 3. Financial Summary Income & Expenses Disclaimer This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Cascade Commercial has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s, or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements theron, or the financial condition of business prospects of any tenant, or any tenant s plans or intentions to continue occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Cascade Commercial has not verified, and will not verify, any of the information contained herein, nor has Cascade Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

3 Investment Summary The Offering

4 Investment Summary The Offering Cascade Commercial Real Estate is pleased to offer this 4-plex for sale located in beautiful Snohomish, Washington. Walking distance to downtown Snohomish shops, dining and entertainment. As people are moving North in search of affordable rental units this property Property Overview offers an investor the opportunity to acquire a well located, well maintained property with income upside. A new owner can increase rents to market value and reap the rewards of immediate upside and long-term appreciation. Snohomish Address th Street Snohomish, WA Price per Foot $ Total Units 4 Current GRM/CAP 5.21% Built 2005 Current GRM Square Feet 3,256 Total Net Rentable Terms Cash Out, Conventional, FHA, VA Price $889,500 Lot Size 7,405 Square Feet Price per Unit $222,375 Zoning MDR Medium Density Residential

5 Property Description Property Summary Interior Photos Location Overview Nearby Amenities

6 Property Description Property Summary Well maintained 4 Plex in Snohomish. Built in All units are 2 Bd x 2 Ba and separately metered for water, sewer and electric. Low expenses. Easy maintenance. Vaulted ceilings in upstairs units and high ceilings in downstairs units. Washer & dryers, dishwashers, and storage. Individual decks & patios. Wheelchair access ramp. Walk to shopping, dining, entertainment, and the Interurban Trail. Minutes from Hwy 9, Hwy 2, I-5 & buses. 3 of 4 units are month to month.

7 Property Description

8 Property Description Location Overview THE NEIGHBORHOOD This genuinely historic community is listed on both the Washington State and National Registries of Historic Places. Snohomish is the oldest and best preserved city in Snohomish County. The city's historic district boasts many beautiful Victorian and Arts & Crafts-era homes built around the turn of the century. The annual Snohomish Historic Homes Tour is a must for those who appreciate this period architecture. Step back in time at the Blackman House Museum for a glimpse of life at the turn-of-the-century in the Pacific Northwest. Residents enjoy strolling among the city's late 19th- and early 20thcentury architecture and stopping at the delightful variety of charming shops and popular restaurants. Also known as the "Antique Capital of the Northwest," Snohomish has a wonderful selection of antiques with over 350 dealers. From Indian artifacts to Tiffany art glass, there is a seemingly endless array of quality antiques and collectibles from which to choose. Treat yourself to a scenic overhead view of the Snohomish River Valley in a hot air balloon bay calling Airial Balloon. Plane and helicopter rides as well as parachuting are available at Harvey Airfield.

9 Property Description Location Overview THE NEIGHBORHOOD Snohomish is conveniently located 45 minutes north of Seattle or Bellevue, and just 15 minutes from the county seat Everett. Far enough east to get a head start on weekend trips into the mountains while remaining very close to the waterfront. I-5 is just minutes away, and Highway 9 takes you right to I-405. Highway 2, running alongside town, will take you into the beautiful Cascade Mountains and beyond. It is no wonder that a recent article in the Seattle Times indicated that Snohomish County was the #1 destination for Seattle residents looking to move out of the city. The Snohomish River flows through town, and is the favorite spot for many a fisherman. Snohomish

10 Property Description Nearby Amenities

11 Financial Summary Income and Expenses

12 Financial Summary Income and Expenses th St. Snohomish, WA 98290