2011 Madison Street, Everett, WA 98203

$1,150,000
7,629
SqFt

Listing courtesy of Windermere Real Estate Midtown.

List Price
$1,150,000
Status
ACTIVE
MLS#
2156193
Days on Market
159
Style
55 - 5-9 Units
Building Condition
Fixer
Finished SqFt
7,629
Lot Size (sq ft)
26,572

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.

Additional Information

List Date
2023-11-09 15:44:10
Community
Pinehurst
Potential Terms
Cash Out
Year Built
1947
View
Territorial
Roof
Flat
Site Features
High Speed Internet
School District
Everett
Total Monthly Income
$6,368
Gross Scheduled Income
$76,417
Vacancy Rate
22
Tax Year
2023
Insurance Expense
$5,411
W/S/G Expenses
$3,099
Total Expenses
$17,868
Net Operating Income
$58,549
Cap Rate
5.09
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