324 3rd Avenue S, Edmonds, WA 98020
Courtesy of Paragon Real Estate Advisors
- $1,350,000
- 3,750
- SqFt
- List Price
- $1,350,000
- Status
- ACTIVE
- Days on Market
- 95
- MLS#
- 2570351
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1959
- Living Area
- 3,750
- Lot Size
- 8,712
- Acres
- 0.20
- Subdivision
- Edmonds Bowl
- Neighborhood
- Edmonds Bowl
- MLS Area Major
- Southwest Snohomish
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.
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Brick, Wood, Wood Products
- Property Description
- 55 - 5-9 Units
- Flooring
- Laminate, Vinyl, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- Garage Spaces
- 2
- School District
- Edmonds
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.