1111 Hewitt Ave - Apartments FOR SALE


Everett, WA 98201
$3,395,000 USD
425-355-0200
1111 Hewitt Ave, Everett, WA for Sale
$3,395,000 USD
Apartments - FOR SALE
1/11
null | 7.45% Cap Rate

1111 Hewitt Ave
Everett, WA 98201


HIGHLIGHTS

  • Downtown Everett Core Waterfront View Development Site

OVERVIEW

Downtown Everett Mixed used development site, attached PDF rendering for 147 units. Currently 21k gross monthly rent in 3 existing older buildings, all tenants on a 1-year lease. Street-level unobstructed views of Puget Sound, Navy base, and Everett waterfront. The seller would consider a land lease. This property has 3 older commercial buildings on site that will need to be removed to accommodate the conceptual 147-unit structure in the rendering, please see pictures of existing buildings and the ground floor view. multi-family apartment industrial auto repair storage warehouse

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

15

PRICE/UNIT

$226,333

CAP RATE

7.45%

% LEASED

100%

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

147 unit mixed used development site

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Downtown Business MF

APN/PARCEL ID

004371-672-011-00,004371-672-012-00,004371-672-013-00,004371-672-015-00,004371-672-016-00,004371-672-018-00,290519-004-001-00

ASK ABOUT THIS PROPERTY

Rick LapinskiJohn L. Scott, Inc.More Info
425-355-0200

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Rick LapinskiJohn L. Scott, Inc.More Info
425-355-0200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.