2011 Madison Street Everett, WA $ 1,150,000
2011 Madison Street
$ 1,150,000
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2011 Madison Street

Everett, WA, 98203
$ 1,150,000
Baths0.0

Monthly Estimate*

$ 8,033

Listed by Windermere Real Estate Midtown
2011 Madison Street, Everett, WA 98203 - Image 1
2011 Madison Street, Everett, WA 98203 - Image 2
2011 Madison Street, Everett, WA 98203 - Image 3
2011 Madison Street, Everett, WA 98203 - Image 4
2011 Madison Street, Everett, WA 98203 - Image 5
2011 Madison Street, Everett, WA 98203 - Image 6
2011 Madison Street, Everett, WA 98203 - Image 7
2011 Madison Street, Everett, WA 98203 - Image 8
Studio

Commercial Property for sale in Everett, WA

for $1,150,000. This building was built in 1947 on a lot size of 0.61.

Instant equity awaits savvy investor at this multiple strategy value-add site. 5% cap with significant upside. Two-story mixed-use building with three 1-bedroom apartments, three street-front commercial spaces, and three flexible-use spaces on the main level. 26,752 sf neighborhood business (NB) zoned corner site - a blank slate for townhomes, apartments, owner-user, and other uses. Site maintains a neighborhood character with excellent commutes and access to amenities. A great opportunity to invest in the City of Everett, anticipated to be Washington's fastest-growing large city over the next 10 years. First time available in 45 years. Sold As-Is.

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Commercial Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,332

Style

Comm Bldg Und 10K

Lot Size

0.61

Year Built

1947

Town/City

Everett

County/Region

Snohomish

MLS | Web ID

2158980

Features
General
Interior Features Concrete Laminate Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling Wall Unit(s)
Possession Closing
Roof Flat
Exterior Features Brick Wood
HOA 0
Year Built 1947
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County Snohomish
Net Operating Income 58549
Insurance Expense 5411
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Pinehurst
Possible Use Multi-Family Residential Retail See Remarks
Building Features Storage
Special Listing Conditions None
Status Active
Directions Corner of Madison Street and Commercial Avenue
City Everett
Buyer Agent Compensation 3
Senior Community Y/N N
Total Units 6
MLS Area 740 - Everett/Mukilteo
Lot Size Square Feet 26572
Carport Y/N N
Street Name Madison
Listing Terms Cash Out
Tax Annual Amount 8332
Electric Expense 1026
Fuel Expense 0
Property Condition Fixer
Public Remarks Instant equity awaits savvy investor at this multiple strategy value-add site. 5% cap with significant upside. Two-story mixed-use building with three 1-bedroom apartments three street-front commerci
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company Everett Public Works
Total Actual Rent 5350
Zoning Class Multi-Family Residential Retail See Remarks
Water Sewer Garbage 3099
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5.09
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Interior
Flooring Concrete Laminate Vinyl Carpet
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Water Source Public
Total Parking 20
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.61
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Total 20
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Internal Only
OriginalMLSID NWM2158980
Street Number 1 2011
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* Excluded Features
List By
Leslie Ota

Listing Agent

Windermere Real Estate Midtown

Broker

Affordability Calculator

$8,727
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
$694
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/6/2023$1,150,000 Listed Price

Map


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2011 Madison Street, Everett, WA, 98203 is a Commercial Property for sale at $1,150,000 with a lot size of 0.61. 2011 Madison Street is a studio with 0.0 baths and was built in 1947. The property's zip code is 98203 which is in Everett, WA