2011 Madison Street Everett, WA 98203
Listing Courtesy of: Northwest MLS / Windermere Real Estate Midtown / Leslie Ota
$1,250,000

  2011 Madison Street Everett, WA 98203

Active (297 Days)

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.

MLS #:
2026483
Taxes
$9,017(2022)
Lot Size
0.61 acres
Type
Multifamily
Year Built
1947
Style
5-9 Units
Views
Territorial
School District
Everett
County
Snohomish County
Community
Pinehurst
Bathroom Details
Interior Features
  • Wall to Wall Carpet
  • Laminate Hardwood
  • Concrete
Subdivision
  • Pinehurst
Lot Information
  • Value In Land
  • Sidewalk
  • Paved
  • Open Space
  • Curbs
  • Corner Lot
Property Features
  • Shop
  • Foundation: Poured Concrete
Heating and Cooling
  • Wall
  • Baseboard
Flooring
  • Carpet
  • Vinyl
  • Laminate
  • Concrete
Exterior Features
  • Wood
  • Brick
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Additional Listing Info
  • Selling Office Commission: 3.0
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 2023 4/1/23 04:09. 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.