3718 Wetmore Avenue

Everett, WA 98201

  • Bed

  • Bath

  • 4100 SqFt

  • 32 DOM

  • Built: 1910

  • Status: Active

$1,300,000

X

3718 Wetmore Avenue

Everett 98201

$1300000

  • Bed

  • Bath

  • 4100 SqFt

  • 32 DOM

  • Built: 1910

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.

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