For more information on this listing, please contact...
Dave Hilbert and Dan Hilbert
Dave: 1-800-543-2330
Dan: 206-459-7781
Email
Branding Photo
Joe Orecchio
425-387-3532
Email
  • Listing #:
    • 2158980
  • Price:
    • $1,150,000
  • Status:
    • Active
  • Property Type:
    • Commercial
  • Type:
    • Comm Bldg Und 10K
  • # of Acres:
    • 0.61
  • Year Built:
    • 1947
  • Comm/Assn:
    • Pinehurst
  • City:
    • Everett
  • County:
    • Snohomish
  • State:
    • WA
  • Zip:
    • 98203
  • Right of 1st Refusal:
    • No
QR Code

Description
Instant Equity Awaits Savvy Investor At This Multiple Strategy Value-add Site. 5% Cap With Significant Upside. Two-story Mixed-use Building With Three 1-bedroom Apartments, Three Street-front Commercial Spaces, And Three Flexible-use Spaces On The Main Level. 26,752 Sf Neighborhood Business (nb) Zoned Corner Site - A Blank Slate For Townhomes, Apartments, Owner-user, And Other Uses. Site Maintains A Neighborhood Character With Excellent Commutes And Access To Amenities. A Great Opportunity To Invest In The City Of Everett, Anticipated To Be Washington's Fastest-growing Large City Over The Next 10 Years. First Time Available In 45 Years. Sold As-is.
Property Features
  • Building Features:
    • - Storage
  • Cap Rate:
    • - 5.09
  • Cooling Y/N:
    • - Yes
  • Electric Expense:
    • - 1026
  • Exterior Features:
    • - Brick
    • - Wood
  • :
    • - Level
  • Foundation Details:
    • - Poured Concrete
  • Gross Scheduled Income:
    • - $76,417.00
  • Heating Y/N:
    • - Yes
  • Insurance Expense:
    • - $5,411.00
  • Interior Features:
    • - Concrete
    • - Laminate Hardwood
    • - Wall to Wall Carpet
  • Net Operating Income:
    • - $58,549.00
  • Approx. Building Sq.Ft.:
    • - 7,629.00
  • Approx. Office Sq.Ft.:
    • - 4,855.00
  • Approx. Warehouse/Manufacturing Sq.Ft.:
    • - 2,774.00
  • Boundary Survey:
    • - false
  • Environmental Survey:
    • - false
  • Free And Clear:
    • - true
  • Improvements Assessed Value:
    • - 332000
  • Land Assessed Value:
    • - 681400
  • Parking Uncovered Total:
    • - 20
  • Power Company:
    • - PUD
  • Sewer Company:
    • - Everett Public Works
  • Style Code:
    • - 60 - Comm Bldg Und 10K
  • Total Assessed Value:
    • - 1013400
  • Total Expenses:
    • - 17868
  • Total Monthly Triple Net:
    • - 1018
  • Total Sq. Ft. Rented:
    • - 5555
  • Vacancy Rate:
    • - 22
  • Water Company:
    • - Everett Public Works
  • Water Sewer Garbage:
    • - 3099
  • Zoning Class:
    • - Multi-Family
    • - Residential
    • - Retail
    • - See Remarks
  • Zoning Jurisdiction:
    • - City
  • Parcel Number:
    • - 00544700501300
  • Possible Use:
    • - Multi-Family
    • - Residential
    • - Retail
    • - See Remarks
  • Property Condition:
    • - Fixer
  • Structure Type:
    • - Unspecified
  • Annual Tax Amount:
    • - $8,332.00
  • Tax Year:
    • - 2023
  • Total Actual Rent:
    • - 5350
  • Water Source:
    • - Public
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For more information on this listing, please contact...
Dave Hilbert and Dan Hilbert
Dave: 1-800-543-2330
Dan: 206-459-7781
Email
Branding Photo
Joe Orecchio
425-387-3532
Email

All information deemed reliable but not guaranteed and should be verified by consumer. All properties are subject to prior sale, change or withdrawal. Listing information is provided for consumer's personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) programs of the Northwest Multiple Listing Service and/or the Olympic Multiple Listing Service.

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