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
- 443
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,673
- Area Total SqFt
- 4673
- Annual Tax Ammount
- 12752
- Lot Size (sq ft)
- 284,883
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2023-02-14 21:01:11
- Community
- Forest Park
- Net Operating Income
- $82,620
- Gross Adjusted Income
- $63,180
- Gross Scheduled Income
- $97,200
- Total Monthly Income
- $1,500
- Insurance Expenses
- $4,455
- Water/Sewer/Garbage Expenses
- $3,990
- Gross Rent Multiplier
- 20.58
- Total Expenses
- $21,197
- Cap Rate
- 4.1
- Vacancy Rate
- 15
- Total Number of Units
- 5
- Unit Name
- 700
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1946
- Waterfront
- Yes
- View
- Territorial
- Roof
- Composition, Metal
- Site Features
- Deck, Fenced-Partially, Outbuildings, RV Parking
- Energy Source
- Electric
- 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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