3614 Broadway Everett, WA 98201

Property Details for 3614 Broadway

Year built

1910

Construction

WOOD

Lot size

0.14 lot acres

Property size

1,517 SF

Zone code

F2

Property type

Office buildings

APN

437388002500

APU

437388002500

Description

This Everett, WA mixed-use property presents a compelling investment opportunity. Located at 3614 Broadway, this offering encompasses two distinct buildings totaling 2,477 square feet on a 6,098 square foot lot. The property boasts a prime location in the Broadway Business District, enjoying high visibility with over 29,600 cars passing daily. Suite A, a 960 square foot office space, features four rooms, a reception area, and a half-bathroom, complete with newer roofing and flooring. Suite B is a charming historic 1 ½-story building with a basement, a detached two-car garage, and alley access, showcasing newer interior paint, carpet, and LVP flooring. The property is zoned for mixed use, offering significant potential. Currently generating a NOI of $26,539 and a 4.42% cap rate, the asking price is $599,995. The property includes two units, three bedrooms, and is situated on a lot with 50 feet of street frontage. Built in 1910 and 1962, the two-story building features annual rent riders. The property is sold as-is. Owner financing is available with a $250,000 down payment, a 6% interest rate, amortized over 30 years, and due in 5 years. The property is conveniently located within walking distance of various shops and restaurants, and just two blocks from Funko Field (Everett AquaSox Baseball Club). The current lease is a gross lease with two tenants, with a remaining term of 1.5 years, expiring May 31, 2026.

Location Insight

City

Everett

County

Snohomish

State

Washington

Longitude

-122.202

Latitude

47.9695

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments