Bought with Skyline Properties, Inc.
$750,000
$750,000
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2,691 SqFt
SOLD DATE : 02/25/2021
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,691 sqft
Price per Sqft $278
Subdivision Alderwood
MLS Listing ID 1657281
Sold Date 02/25/21
Style 53 - Tri-plex
Year Built 1968
Annual Tax Amount $7,374
Lot Size 9,583 Sqft
Property Sub-Type Multi-Family
Property Description
Incredible upside potential in this Alderwood triplex. Minutes from mall and freeway access yet tucked off arterial road down a private drive. Covered parking for each unit. Talk about stable, no vacancies for 5+ years. Rents are paid like clockwork by current tenants through a special needs services/government-funded lease agreement. All tenants are month-to-month. Current rents are below market value and with some minor improvements could yield much higher rents. Tons of opportunity.
Location
State WA
County Snohomish
Area _730Southwestsnohom
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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