This property offers limitless possibilities for the the properly positioned investor. This 2 bedroom, 1 bath home is in need of some cosmetic attention, but already offers a great kitchen with tile counters, laminate floors and cozy eating space. The true opportunity on this property is in the land and the possibility of subdividing. The huge level lot is over 1/3 of an acre, is fully fenced, includes RV parking and a large outbuilding/garage. Water, sewer, power on property. Sold AS-IS.
List Price: $125,000
Address: 2001 74th St SE, Everett 98203
Square Feet: 728
$/Square Ft: $171.70
Year Built: 1917
School District: Everett
Elementary: Buyer to verify
Middle: Buyer to verify
High School: Buyer to verify
Call Jesse Moore at 425.502.5397 for more information.
Two articles published this week indicate that after four years of a struggling real estate market, perhaps things are on the rebound in the Puget Sound.
An article entitled “Expect ‘new highs’ for Seattle apartment rents” published in the Puget Sound Business Journal on May 13th states that the generation of new jobs, slow new construction starts, and low vacancy rates could push rental rates up almost 4% this year.
This sentiment is echoed a similar article entitled “Renters finding landlords have upper hand in this market” published by The Seattle Times on the same day. The Times story is a little more allegorical, detailing the struggles of local residents as they adjust to a stronger rental market.
A strengthening rental market is a good indication of a coming housing recovery, as higher rents will prompt more buyers to look to the affordability of home ownership. The largest growing segment of our clientele are investors buying homes to either hold or rehab – yet another indicator that our market is on a path toward recovery.