Bought with Lake & Company
$930,000
$900,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
2,912 SqFt
SOLD DATE : 09/19/2022
Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,912 sqft
Price per Sqft $319
Subdivision Alderwood
MLS Listing ID 1983135
Sold Date 09/19/22
Style 54 - 4-Plex
Year Built 1969
Annual Tax Amount $7,047
Lot Size 0.300 Acres
Property Sub-Type Multi-Family
Property Description
Fantastic 4plex in prime Lynnwood location! Easy access to future Lynnwood Light Rail and Transit Center (2024), Alderwood Mall, I-5 and Highway 99 - high demand rental area with excellent equity potential from Light Rail development. Spacious layouts, professionally managed, coin-operated laundry income, and no vacancies. Perfect value-add play with below market rents- just needs a few more cosmetic updates to achieve pro-forma cap rate of 6.2%. Don't miss this rare opportunity to future-proof your portfolio with this Lynnwood investment!
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Fireplace false
Exterior
Exterior Feature See Remarks
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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