7807 Grant DriveEverett, WA 98203Price: $809,990

Developers, Builders & Investors - LOCATION, LOCATION, LOCATION! Exceptional residential development opportunity with newly adopted NR zoning offering tremendous upside potential. Preliminary development possibilities include up to 5 additional single-family homes or 9 townhomes while retaining the existing 1927 Craftsman residence, subject to buyer verification and city approval. The land is the true value of this property, providing a rare opportunity to secure a sizable, developable parcel in a desirable location. The existing 1½-story Craftsman home with basement offers immediate rental income potential, allowing investors to generate cash flow while completing engineering, permits, and development approvals. Survey has taken place and should be completed by end of June. The home features hardwood floors, a main-floor primary bedroom, partially updated kitchen, updated windows, a freestanding stove in the living room, covered front porch, mountain views, expansive deck, large level yard, and abundant parking. Seller may consider selling the backyard development portion separately from the house. Buyer to pay for survey, lot line adjustment, utility and access requirements, and all city approvals and costs associated with lot separation & future development. Opportunities combining immediate income potential with significant development upside are increasingly rare-don't miss your chance to unlock the full value of this property.