Price Reduction - Lease to Own
Address
127 N Olympic Avenue Arlington, WA
Price
$ 659,250
Property Attributes
- ML#1633311
- TypeCommercial
- CountySNOHOMISH
- CityArlington
- AreaNorthwest Snohom
- NeighborhoodArlington
- Zip98223
- StyleComm Bldg Und 10K
- Year Built1945
- Taxes5576
- Price$ 659,250
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Realty One Group Enterprise and NWMLS
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.
| Price History | |
|---|---|
| 8/6/2020 | Listed $750,000 |
| 9/15/2020 | 4% - $725,000 |
| 11/5/2020 | 5% - $695,000 |
| 1/14/2021 | 6% - $659,250 |
General Features
| Property SubType | Commercial Industrial |
|---|---|
| Property Type | Commercial Sale |
| Roof | Composition, Flat, Torch Down |
| Standard Status | Active |
| Structure Type | Unspecified |
| Water Company | City of Arlington |
Interior Features
| Power Production Type | Electric, Natural Gas |
|---|
Exterior Features
| Lot Dimensions | 38 x 120 |
|---|---|
| Lot Size Units | Square Feet |
| Site Frontage | 38 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 98223
Price
Taxes
Visits
Year Built
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