Unit A,B,C 1925 Lombard Avenue Everett WA 98201
$ 1,600,000
  9   |    5 Full  2 Half  
Listed By: KW North Sound

Listing ID

#2447170

Property Type

Condominium

County

Snohomish

Neighborhood

North Everett

Year Built

2024

Days on website

183

Description
Exceptional investment opportunity in Everett! This unique multi-family property features three condo units, with two currently rented and producing immediate cash flow. Two newly constructed units built in 2024 offer modern design, open living spaces, 3 bedrooms, 2.5 baths, and attached 1-car garages, while the updated existing 3-bedroom, 1-bath home provides strong additional rental potential. Units B & C are currently leased at $2,695 each, with projected rent of $2,500 for Unit A, creating an attractive pro-forma cap rate near 5%. A rare chance to enjoy steady income now while holding the flexibility to sell units individually in the future to maximize long-term returns. Low-maintenance yards enhance ease of ownership, and the prime Everett location places you just minutes from downtown, shopping, dining, schools, transit, and I-5. This is a true turnkey investment combining modern construction, reliable rental demand, and built-in appreciation potential. Buyer to verify all to own satisfaction.
Location
Financial Information
List Price:  $ 1600000
Taxes:  $ 13504
Property Features
Appliances:  Stove(s)/Range(s)
Association Fee Includes:  Common Area Maintenance
Exterior Features:  Wood Products
Flooring:  Carpet, Vinyl
Levels:  Multi/Split
Lot Features:  Curbs, Paved
Parking Features:  Individual Garage, Off Street
Pets Allowed:  Subject to Restrictions
Roof:  Composition
Structure Type:  Townhouse
MLSAreaMajor:  740 - Everett/Mukilteo
City:  Everett
Subdivision Name:  North Everett
Listed By:     KW North Sound  360-653-1884