700 52nd Street SE, Everett, WA 98203

$2,000,000
4,673
SqFt

Listing courtesy of Windermere Real Estate M2 LLC.

List Price
$2,000,000
Status
ACTIVE
MLS#
2194396
Days on Market
427
Style
55 - 5-9 Units
Finished SqFt
4,673
Lot Size (sq ft)
284,883

Property Description

Do not miss this incredible opportunity! 6.5 Acres of Land located in the heart of Everett. Potential to build while you collect rent with 5 rental units in total. High-Level Feasibility Study conducted, available in supplements. 5 lots in the highly desirable, well-established Forest Park Neighborhood, just off Fowler. Close proximity to bustling DT Everett & Marina, Naval Base, Mukilteo Ferry, Restaurants & Grocery, Evergreen Way and convenient I5 access. All lots to be sold together, Seller will NOT sell individually. Property contains one SFR and one Fourplex. Zoned R2. DO NOT DISTURB TENANTS. Buyer to verify. Motivated Seller.

Additional Information

List Date
2023-02-14 21:01:11
Community
Forest Park
Potential Terms
Cash Out, Conventional
Year Built
1946
Waterfront
Yes
View
Territorial
Roof
Composition, Metal
Site Features
Deck, Fenced-Partially, Outbuildings, RV Parking
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$1,500
Gross Scheduled Income
$97,200
Vacancy Rate
15
Gross Adjusted Income
$63,180
Tax Year
2023
Insurance Expense
$4,455
W/S/G Expenses
$3,990
Total Expenses
$21,197
Net Operating Income
$82,620
Gross Rent Multiplier
20.58
Cap Rate
4.1
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