$474,000
Rare UR4 corner development site in Northwest Everett with a vacant duplex in place and fourplex permitting already underway. The 1920 building is separately metered with one unit up and one down, plus a large unfinished basement with a street level garage door for storage, shop space, or future living area, remodel and rent while you plan, or move straight to development. The seller has already done the heavy lifting with the City and holds permits for a four unit new construction project. The plans need only minor architect revisions to wrap up, so a buyer can pick up where the work leaves off instead of starting from zero. UR4 opens up more than a fourplex. The code allows residential development up to four floors and 45 feet, with no general maximum unit density since the property sits outside the historic overlay. Units under 1,200 gross square feet are exempt from off street parking, there is no stated maximum building coverage, and setbacks are favorable with no front setback and generally five feet at the street side, interior side, and rear. A four story, parking free project of roughly 8 to 12 compact units is a strong concept to explore, subject to buyer feasibility and City approval. City water and sewer, all day transit within a half mile, and two parks within a half mile that may allow amenity space through balconies, rooftop area, or payment in lieu. Outside all mapped flood, wetland, shoreline, historic, airport, and smelter cleanup overlays.
3
Beds
⋅
2
Baths
⋅
2593026
MLS
⋅
ACTIVE
Status
1703 Oakes, Everett
Listing Broker: Keller Williams Realty Bothell; Corey Crain; 425-422-7931; multifamilyspecialist@gmail.com
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.