Lake Stevens, WA 98258

$875,000
List Price
$875,000

Property Description

Attention investors! Income-producing, 10.31 acre property is rural and secluded. Current tenant is a licensed cannabis producer/processor, renting at $5,500 per monthly, lease in effect until 2022 with the option to renew. Cap rate 9.48%, cash-on-cash return 19.67%. This residential property has a Conditional Use Permit w/potential to expand & create additional I-502 producer/processor sites. Build greenhouses? Another possibility is a Rural Cluster Subdivision. Buyer to verify all information.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of NWMLS / CENTURY 21 Real Estate Center

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.