Everett, WA Cap Rate for Multifamily

[Corey R.]

Hi,

I'm looking at multifamily deals in the Everett, WA area and wondering what the current cap rate in this area is. Looking at value-add apartments built in the 1970's-1990's. Is Everett a low 5% cap rate area or higher? Any advice at all would be great.

Thanks,

Corey