Bought with Westlake Associates, Inc.
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127 N Olympic AVE Arlington, WA 98223
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Key Details
Sold Price $620,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington
MLS Listing ID 1633311
Sold Date 03/31/21
Style 60 - Comm Bldg Und 10K
Year Built 1945
Annual Tax Amount $5,576
Lot Size 4,356 Sqft
Lot Dimensions 38 x 120
Property Sub-Type Commercial Industrial
Property Description
ATTENTION Multi Family, Investors and Commercial Business Owners & Retail Investors. Here is a golden opportunity for a fully permitted build out of 5 apartment units & 2-3 retail spaces. This is over 5500+ sqft with the added sqft build out and projected ARV of $1.3M+ which is only $235 per sqft for prime Real Estate in DT! Permits have all been approved & conceptual design will make it one of the best buildings in DT Arlington. Currently 2 tenants retail & resident that will not effect renovation. Demo is done & cleaned up ready for you to start renovation. Projected CAP Rate brings you to almost to 9% & collect income while building out this amazing property. Cash or hard money clsoing must be done by 3/30/21
Location
State WA
County Snohomish
Area _770Northwestsnohom
Interior
Interior Features Concrete, Hardwood, Wall to Wall Carpet
Flooring Concrete, Hardwood, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Cement/Concrete, Wood, Wood Products
Utilities Available Sewer Connected, Electric, Natural Gas Connected
Roof Type Composition,Flat,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Lease Purchase, Rehab Loan
Listing Terms Cash Out, Lease Purchase, Rehab Loan
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