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Listed by:Paragon Real Estate Advisors • Ryan Iles
$1,500,000
Est. payment /mo
7 Beds
5 Baths
3,750 SqFt
New
324 3rd AVE S Edmonds, WA 98020
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $400
Subdivision Edmonds Bowl
MLS Listing ID 2521636
Style 55 - 5-9 Units
Bedrooms 7
Year Built 1959
Annual Tax Amount $11,443
Lot Size 8,712 Sqft
Property Sub-Type Multi Family
Property Description
Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. Sellers are open to Seller Financing terms from qualified buyers. Please reach out for terms. Upper-level units offer attractive water, mountain, and territorial views, enhancing overall tenant appeal. The building showcases a classic mid-century design centered around a private courtyard, creating a unique and inviting living environment. Residents benefit from a common laundry and storage area, while ample off-street parking is provided via five surface stalls and a spacious two-car garage. This asset presents a compelling value-add opportunity with clear pathways to increasing rental income through interior upgrades and operational improvements. With its irreplaceable location, strong in-place fundamentals, and multiple avenues for value creation, this offering is well-suited for investors seeking a stable, well-located asset with significant long-term growth potential.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood, Wood Products
Garage Spaces 2.0
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOL & BUSINESS
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