Everett, 98203,2503 Madison ST
Listed by RE/MAX Northwest Realtors Vince M. Grant 
Bought with Keller Williams Rlty Bellevue

$715,000

$650,000

10.0%
Est.Price: ?

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Est. payment /mo

3,696 SqFt


SOLD DATE : 01/07/2021

Key Details

Sold Price $715,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $193

Subdivision Pinehurst

MLS Listing ID 1693865

Sold Date 01/07/21

Style 54 - 4-Plex

Year Built 1977

Annual Tax Amount $7,933

Lot Size 10,019 Sqft

Property Sub-Type Multi-Family

Property Description

Fantastic four-plex opportunity in excellent, easy to rent area! The property needs roof, paint, and some TLC inside. Looks like about $50,000 of work would turn this into an $800,000 building. Rents are proforma. 2 units just became vacant and the seller would like the new owner to be able to see units and select tenants so isn't re-renting them. Zoning allows for 3 more units to be built on the property. Units are 2 bedrooms, 1.5 baths with in-unit laundry. Great location with easy access to park-in-ride, schools, shopping, I-5, and Boeing. Pre-inspection available on request.

Location

County Snohomish

Area 740 - Everett/Mukilteo

Interior

Interior Features Ceramic Tile, Wall to Wall Carpet

Flooring Ceramic Tile, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Utilities Available Cable Connected, Sewer Connected, Electric

Amenities Available Cable TV, Deck

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Lowell Elem

Middle Schools Evergreen Mid

High Schools Cascade High

School District Everett

Others

Acceptable Financing Cash Out, Conventional, FHA, VA Loan

Listing Terms Cash Out, Conventional, FHA, VA Loan

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Northwest MLS (NWMLS)
Pramod Poudel

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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