UNDER CONTRACT // 125 W. Casino Rd., Everett, WA

Ridgeline

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Built in 1995, Ridgeline is a two-building and twenty-four-unit apartment community centrally located in the Westmont neighborhood of Everett. With the Boeing Everett Factory and Paine Field to the east, and Sound Transit’s new Light Rail Station coming a few blocks to the west, Ridgeline is perfectly situated to benefit from economic drivers that look poised to strengthen over the long term. Tenants enjoy private balconies, side-by-side laundry machines, and vaulted ceilings in top floor units.

Ridgeline consists of two one-bedroom, one-bathroom units averaging ±907 square feet and twenty-two two-bedroom, one-bathroom units averaging ±950 square feet.

Property Overview

 

ADDRESS

125 W. Casino Rd.,

Everett, WA 98204

 

RESIDENTIAL NRSF

±22,704

NEIGHBORHOOD

Casino Corner

 

PARKING

38 Carport Stalls

YEAR BUILT

1995

 

ZONING

134 MULTIPLE FAMILY 21 - 30

UNITS

24 Units

 

SITE AREA

± 60,984 SF (1.4 ACRES)

Executive Highlights

  • Value Add Opportunity

    Ability to capture significant rental upside through interior renovations

  • 1995 Year of Construction

    Interior renovations without major system upgrades needed

  • Plentiful Covered Parking

    38 Carport stalls for 24 units

  • Units Well-Amenitized

    Side-by-side laundry, vaulted ceilings, private balconies

  • Strong Unit Mix

    Nearly all large two-bedrooms

  • Proven Rental Upside

    Pro Forma rents already achieved in multiple units

Location

 
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