Property Details

6325 Evergreen Way

Everett, WA 98203

$2,300,000

Available

CBA# 708440 courtesy of CBA Listing firm: KW Everett

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 6325 Evergreen Way, Everett, MLS# 708440

Office / Retail

Property Type

11,895

Bldg Sq Ft

Units

6.00%

Cap Rate

1968

Year Built

Property Overview

EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE | $2.3MRare 2-parcel assemblage in Everett's hottest growth corridor. 16 units (12 apartments + 4 retail) with immediate income and long-term development potential.INCOME INVESTORS: Stable cap rate, proven tenants, ready to close.VALUE-ADD OPERATORS: Rents below market. Light renovations, significant upside. Classic playbook.1031 EXCHANGES: Like-kind, quick close, immediate income + long-term appreciation.OWNER-USERS: Own your building, run your business downstairs, live upstairs. 11 other units cover your mortgage. SBA 504 available.DEVELOPERS: Two parcels = institutional development potential. MU-7 zoning (7 stories). Link Light Rail proximity. The land play that pays you while you wait.THE PROPERTY:12-unit apartment complex + 4 retail spacesDevelopment lot includedLink Light Rail walking distanceHigh-visibility location (30,000+ daily traffic)Two-parcel assemblage for maximum flexibilityCash flowing today. Development upside tomorrow. This footprint is exactly what Everett 2044 blueprint demands.Sold as-is. Buyer to verify all assumptions.