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    127 N Olympic Avenue

    Arlington, WA 98223
    • $659,250
    • STATUS: Active
    • ON SITE: 166 days
    • ID#: 1633311
    Price Reduced
    UPDATED: 5 min ago
    $659,250
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:

    School Ratings & Info

    Listing Courtesy of Realty One Group Enterprise.

    Description

    ATTENTION Multi Family, Commercial Business Owners & Retail Investors. Here is a golden opportunity for a fully permitted build out of 5 apartment units & 2-3 retail spaces. Permits have all been approved & conceptual design will make it the best 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.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-01-20T07:14:44.237.

    www.lucaspintoteam.com/homes/108608716
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    127 N Olympic Avenue Arlington, WA 98223

    • Price: $659,250
    • Status: Active
    • Updated: 5 min ago
    • ID#: 1633311
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1945
    Built
    Neighborhood:
    Arlington
    County:
    Snohomish
    Area:
    NW Snohomish Cty/Marysville/Tulaip
    Property Description
    ATTENTION Multi Family, Commercial Business Owners & Retail Investors. Here is a golden opportunity for a fully permitted build out of 5 apartment units & 2-3 retail spaces. Permits have all been approved & conceptual design will make it the best 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.
    Exterior Features

    Carport YN No Exterior Features BrickCement/ConcreteWoodWood Products Foundation Details Poured Concrete Open Parking YN No Parking Total 0 Roof CompositionFlatTorch Down Site Frontage 38 Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Flooring ConcreteHardwoodCarpet Furnished Unfurnished Interior Features Hardwood

    Property Features

    Building Features Storage Electric On Property YN No Expansion Area False First Right Of Refusal False Gross Scheduled Income 136917 Insurance Expense 6228 Irrigation Water Rights YN No Listing Terms Cash OutLease/PurchaseRehab Loan Net Operating Income 107356 Possible Use BusinessCommercialMulti-FamilyOffice Power Production Type ElectricNatural Gas Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 5576 Tax Year 2020 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 15897 Water Source Public Zoning Class BusinessCommercialMulti-FamilyOffice Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Lucas Pinto Real Estate Group | Compass and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-01-20T07:14:44.237.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1633311-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1633311-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1633311-1.jpg
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    Lucas Pinto Real Estate Group | Compass
    501 E Pike Street, Suite 200a
    Seattle WA, 98122
    Listing Courtesy of Realty One Group Enterprise.