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2011 Madison Street

Everett, WA 98203
  • $1,250,000
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: 2033045
UPDATED: 30 min ago
$1,250,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Windermere Real Estate Midtown. Sold by .

Description

Character-rich, value-add site awaits selective owner/investor to create immediate equity and community. 6% + pro forma cap for existing building only, with additional land development upside. Two-story mixed-use bldg with three 1-bed apts, three street-front commercial, and three ground floor flex units. 26,752 sf neighborhood business (NB) corner site - a blank slate for townhomes, apartments, owner users, and creatives. Friendly location with excellent commutes, access to amenities and the Interurban trail. Available for the first time in 45 years. A unique opportunity to invest in Everett, anticipated to be Washington's fastest-growing large city over the next 10 years. Vacant units show pro forma rent w/NNN.

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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 Tribeca NW Real Estate 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 2023-03-29T09:14:21.55. 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 2023-03-29T09:14:21.55. 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.tribecanw.com/homes/136668287
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2011 Madison Street Everett, WA 98203

  • Price: $1,250,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 30 min ago
  • ID#: 2033045
0
Beds
0
Baths
0
½ Baths
0.61
Acres
1947
Built
Neighborhood:
Pinehurst
County:
Snohomish
Area:
Everett/Mukilteo
Property Description
Character-rich, value-add site awaits selective owner/investor to create immediate equity and community. 6% + pro forma cap for existing building only, with additional land development upside. Two-story mixed-use bldg with three 1-bed apts, three street-front commercial, and three ground floor flex units. 26,752 sf neighborhood business (NB) corner site - a blank slate for townhomes, apartments, owner users, and creatives. Friendly location with excellent commutes, access to amenities and the Interurban trail. Available for the first time in 45 years. A unique opportunity to invest in Everett, anticipated to be Washington's fastest-growing large city over the next 10 years. Vacant units show pro forma rent w/NNN.
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 Fireplace YN No Flooring ConcreteLaminateVinylVinyl PlankCarpet Furnished Unfurnished Heating YN Yes Interior Features ConcreteLaminate HardwoodWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 12 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 74919 Possession Closing Possible Use BusinessMulti-FamilyOfficeResidentialRetailSee Remarks Power Company Pud Power Production Type Electric Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company Everett Public Works Special Listing Conditions None Tax Annual Amount 9017 Tax Year 2022 Water Company Everett Public Works Water Source Public Zoning Class BusinessMulti-FamilyOfficeResidentialRetailSee 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 Tribeca NW Real Estate 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 2023-03-29T09:14:21.55. 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 2023-03-29T09:14:21.55. 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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375 NW Gilman Blvd, Suite #B101
Issaquah WA, 98027
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Windermere Real Estate Midtown. Sold by .