Situated in Everett's vibrant Madison neighborhood, you are close to the heart of everything Everett has to offer, including Boeing’s HQ, ample shopping and a park right across the road. This home resides on over 9,000sq/ft of land, with no CCRs and no HOA, ample off-street parking and zoned R2. Zoning allows for DADUs or multi-family and it appears that a duplex DADU could be added to the site, creating an optimal investment opportunity for the savvy developer or home owner. Originally built in the 1940s, this mid century home is an absolute charmer, showcasing hints of Spanish architecture with its arched entryways, interior stucco detailing and wood-burning fireplace with stone surround. Most of the home boasts original hardwoods that just require refinishing to bring them back to their original beauty. Interiors stretching over 1600sq/ft offer oodles of potential, including four spacious bedrooms, a large living room and ample kitchen that opens into dedicated dining space. With the right improvements, this home has incredible investment acumen, and its allure as a lucrative rental will only increase with the naval community’s local expansion in 2027. This home will benefit from being lovingly renovated in order to restore its inherent architectural features, as well as updating the home to modern-day code, although the home is move-in ready as is. The property has been pre-inspected and is being sold in its as is condition. Buyer to verify all information.