515 High Ave

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515 High Ave

Sultan, WA 98294
Asking Price
$2.19M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel spanning 3.3 acres of developable space.
  • Property is listed for sale at a price of 2,195,000 dollars.
  • Located at 515 High Ave in the city of Sultan, Washington.
  • Site positioned near the US-2 corridor for regional transit access.
  • Strategic location serves the growing residential market of Snohomish County.

What's Special

Sultan serves as a scenic gateway to the Cascade Mountains, drawing residents who value outdoor access while remaining within reach of the greater Everett and Seattle metro employment hubs. This 3.3-acre parcel of residential land at 515 High Ave offers a significant development footprint for housing projects in Snohomish County. The site provides proximity to the natural recreational amenities of the Skykomish River valley and the US-2 corridor, which facilitates regional travel. Given the current market demand for housing, this plot is positioned for residential development, providing a clean slate for developers seeking to add inventory to this growing suburban and semi-rural market. The acreage allows for flexible site planning consistent with local zoning requirements for residential growth, catering to the ongoing need for housing in the Pacific Northwest.

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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.64%
Monthly Payment
$10,859.662
Annual Cash Flow
$-50,315.948

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