3016 Everett Avenue, Everett, WA 98201

Property Description

Luna Apartments is a 47 unit shovel ready multifamily development opportunity located at 3012 and 3016 Everett Ave in downtown Everett, WA. The offering provides a buyer the opportunity to acquire a level 0.36 acre urban infill development site with MU4 zoning, a 12 year MFTE structure, completed plan sets, and substantial predevelopment work already completed. Building and public works permits are approved pending final covenant processing. The project has been advanced through the most time intensive portions of design and City review, including architectural, civil, structural, landscape, engineering, and permit coordination. Rather than starting with raw land or an early stage entitlement process, a buyer can step into a project that is positioned for near term execution. The planned unit mix includes 47 apartments designed for downtown Everett renter demand, with efficient micro, studio, one bedroom, one bedroom plus den, and two bedroom units. The development is positioned to serve workforce housing demand in a downtown location with access to employment, transit, services, I-5, Highway 2, the Port of Everett, Paine Field, Everett Station, Providence Regional Medical Center, and other North Puget Sound employment drivers.