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2011 Madison Street

Everett, WA 98203
  • $1,150,000
  • STATUS: Pending
  • ID#: 2158980
Under Contract
UPDATED: 76 min ago
$1,150,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of Windermere Real Estate Midtown.
Mortgage Calculator is provided by BoomTown.

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Homes and Gardens Sound Life are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-02-20T23:14:04.62. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-02-20T23:14:04.62. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.bhgsoundlife.com/homes/143144195
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2011 Madison Street Everett, WA 98203

  • Price: $1,150,000
  • Status: Pending
  • On Site: Days
  • Updated: 76 min ago
  • ID#: 2158980
0
Beds
0
Baths
0
½ Baths
0.61
Acres
1947
Built
Neighborhood:
Pinehurst
County:
Snohomish
Area:
Everett/Mukilteo
Property 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.
Exterior Features

Carport YN No Covered Spaces 0 Exterior Features BrickWood Open Parking YN No Parking Total 20 Roof Flat Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

Interior Features

Building Area Total 0 Cooling Wall Unit(s) Cooling YN Yes Fireplace YN No Flooring ConcreteLaminateVinylCarpet Heating Wall Unit(s) Heating YN Yes Interior Features ConcreteLaminate HardwoodWall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 58549 Possession Closing Possible Use Multi-FamilyResidentialRetailSee Remarks Power Company PUD Power Production Type Electric Property Condition Fixer Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company Everett Public Works Short Term Rental YN Yes Special Listing Conditions None Tax Annual Amount 8332 Tax Year 2023 Water Company Everett Public Works Water Source Public Zoning Class Multi-FamilyResidentialRetailSee Remarks Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Homes and Gardens Sound Life are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-02-20T23:14:04.62. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-02-20T23:14:04.62. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Better Homes and Gardens Sound Life
19188 Eighth Avenue NE
Poulsbo WA, 98370
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of Windermere Real Estate Midtown.
Mortgage Calculator is provided by BoomTown.