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Listed by:Pacific Properties • George Caudill
$809,990
Est. payment /mo
0.52 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Beverly Park
MLS Listing ID 2477231
Style 40 - Res-Less thn 1 Ac
Annual Tax Amount $5,951
Lot Size 0.520 Acres
Lot Dimensions 75 x 299
Property Sub-Type Land
Property Description
Developers, Builders & Investors - LOCATION, LOCATION, LOCATION! Exceptional residential development opportunity with newly adopted NR zoning offering tremendous upside potential. Preliminary development possibilities include up to 5 additional single-family homes or 9 townhomes while retaining the existing 1927 Craftsman residence, subject to buyer verification and city approval. The land is the true value of this property, providing a rare opportunity to secure a sizable, developable parcel in a desirable location. The existing 1½-story Craftsman home with basement offers immediate rental income potential, allowing investors to generate cash flow while completing engineering, permits, and development approvals. Survey has taken place and should be completed by end of June. The home features hardwood floors, a main-floor primary bedroom, partially updated kitchen, updated windows, a freestanding stove in the living room, covered front porch, mountain views, expansive deck, large level yard, and abundant parking. Seller may consider selling the backyard development portion separately from the house. Buyer to pay for survey, lot line adjustment, utility and access requirements, and all city approvals and costs associated with lot separation & future development. Opportunities combining immediate income potential with significant development upside are increasingly rare—don't miss your chance to unlock the full value of this property.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected
View Y/N Yes
View City, Mountains, See Remarks, Territorial
Building
Lot Description Paved
Sewer On Property
Water On Property
Schools
Elementary Schools Emerson Elem
Middle Schools Evergreen Mid
High Schools Cascade High
School District Everett
Others
Senior Community No
Acceptable Financing Cash, Conventional, Rehab Loan, See Remarks
Listing Terms Cash, Conventional, Rehab Loan, See Remarks
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Nearby Locations
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