4818 Evergreen Way, Everett, WA 98203

$1,260,000

Listing courtesy of Windermere Real Estate RBI. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,260,000
List Price
$1,398,000
Status
SOLD
MLS#
1730844
Closing Date
Dec 30, 2021
Days on Market
266
Annual Tax Ammount
11528

Property Description

Great commercial building located on busy Evergreen Way. Remodel started in 2010 and was completed by the new/current owners in 2014. HVAC installed that services many nice sized 2nd floor offices, a conference room, kitchen and and a great open work space. An open rear upper deck allows for storage and an "open air" break area! Quality metal doors, 2bl pane windows and other finishes throughout! The 1st floor has a combination of 2 street front retail/office spaces and a roll-up door that enters into approximately 3,800sf of warehouse/manufacturing space. (There is even a vented paint room presently used by the current owner.) The vacant lot adjacent North is wholly owned and part of this offering.

Additional Information

Community
Claremont
Building Condition
Very Good
Style
60 - Comm Bldg Und 10K
Year Built
1951
# of Assigned Spaces
8
Roof
Torch Down
Tax Year
2020
Potential Terms
Conventional
Interior Features
Heat Pump
Flooring
See Remarks
Driving Directions
From I5 take 41st street West to Evergreen Way and head South approximately 4 blocks. Building will be on your right. (West side of street across from Les Schwab.
Electric Expenses
3900
Energy Source
Natural Gas
Net Operating Income
$97,842
Gross Adjusted Income
$117,455
Gross Scheduled Income
$123,636
Water/Sewer/Garbage Expenses
$636
Cap Rate
6.5
Vacancy Rate
5
Total Expenses
$19,613
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