2571 Rainier Avenue, Everett, WA 98201

Property Description

Investment opportunity in the heart of historic North Everett. This 1936 character home is being sold strictly as-is and is not currently habitable, priced accordingly for an investor or contractor buyer. Interior demolition has been started, kitchen and upstairs bathroom sink and tub have been removed, and the home will not qualify for retail financing in its current state. Cash or hard money only. Zoned UR4, permitting multi-family residential development up to four floors with no density limit, on a generous .21-acre lot well above the typical footprint in this immediate pocket. A rare detached 4-car garage with alley access adds workshop, storage, or redevelopment potential, buyer to verify zoning, setbacks, and development feasibility with the City of Everett. Comparable renovated sales within a few blocks have closed between $530,000 and $800,000 over the past year, buyer to verify and underwrite independently. Minutes to downtown Everett, the waterfront, and I-5. Sold strictly as-is, where-is, no seller repairs. Buyer to verify all permit history, square footage, and condition. Priced for an investor ready to complete the renovation.