Bought with Paragon Real Estate Advisors
$2,250,000
$2,350,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
3114 3128 Lombard AVE Everett, WA 98201
0.55 Acres Lot
Key Details
Sold Price $2,250,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Everett
MLS Listing ID 1795857
Sold Date 09/22/21
Style 42 - Multi-Family
Lot Size 0.550 Acres
Property Sub-Type Land
Property Description
The Lombard Plaza consists of 3 Single family homes, a 6 unit apartment building and parking lot positioned on 23,957 SF of Urban Mixed and Urban Residential land. Per architectural renderings the zoning allows for up to 180 units with an average unit square footage of 452 SF. The property has recently undergone major renovations including new siding and exterior paint along with new roofs and several remodeled units. With all the major capital improvements done, this property is poised for substantial rent growth and cashflow for years to come while the land continues to appreciate. The Lombard Plaza offer the savvy investor a perfect add-value opportunity with significant upside in a market that has seen tremendous growth.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Fireplace false
Exterior
Utilities Available Natural Gas Available, Electricity Connected
View Y/N No
Garage No
Building
Sewer On Property
Water On Property
Schools
School District Everett
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.