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Unit A,B,C 1925 Lombard Avenue Everett WA 98201
Price $ 1,600,000
Listing ID 2447170
Property Type Condominium
County Snohomish
Neighborhood North Everett
Beds 9
Baths 5 Full  2 Half
Year Built 2024
Days on website 183
Listed By:     KW North Sound  
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
Approximate boundary lines Approximate boundary lines /NWM2447170/NWM2447170-3.jpg Unit A