515 High Ave

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515 High Ave

Sultan, WA 98294
Asking Price
$595K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel totaling 0.69 acres in Sultan
  • Current asking price for the property is 595000
  • Strategically situated in Snohomish County near regional transit
  • Suitable site for single-family residential development projects
  • Located within the expanding Seattle metropolitan housing market

What's Special

Residential development awaits at 515 High Ave in Sultan, Washington. This 0.69-acre parcel provides a foundation for new housing construction in a growing suburban market within the greater Seattle metro area. The property is well-positioned for builders or private investors seeking to capitalize on the increasing demand for residential inventory in Snohomish County. The site offers sufficient space for single-family project planning while maintaining proximity to local transit corridors and regional amenities. Sultan serves as a transition point between the urban density of the Puget Sound region and the outdoor recreation opportunities of the Cascade foothills, drawing residents who prioritize a balance of accessibility and scenery. With its current zoning status, this land presents a clear path for residential improvement and long-term asset appreciation within a stable secondary market.

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NOI
$80,000
Cap Rate
13.45%
DSCR
2.26
Strong
Cash-on-Cash
25.03%
Monthly Payment
$2,943.735
Annual Cash Flow
$44,675.176

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