- 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