Bought with: Blue Summit Realty LLC
$1,245,000
$1,200,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
3,072 SqFt
SOLD DATE : 08/07/2023
Key Details
Sold Price $1,245,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $405
Subdivision Lynnwood
MLS Listing ID 2072279
Sold Date 08/07/23
Style 54 - 4-Plex
Year Built 1986
Annual Tax Amount $7,219
Lot Size 0.400 Acres
Property Sub-Type Multi-Family
Property Description
Two nicely maintained side by side 1986 built duplexes in Alderwood Manor (4 plex), within 1 mile of the future Lynnwood light rail station. Good size 2 bedroom/1 bath units with in-unit washer and dryer, skylight in bathroom. One of 4 units is completely renovated in 2022 with new cabinets, quartz counters, appliances, LVP etc! Other units are also remodeled over the years. Newer vinyl double pane windows. Strong tenant history, current rent is low and have room to go up. Land is over 17,000 sqft and LDMR zoning, potential to build up to 6-7 units (buyer to verify with city), add more units (2nd floor?). Exciting possibilities for expansion and increased rental income. Plenty of parking. Easy access to I-5/405, Alderwood Mall, Edmonds CC!
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, High Speed Internet
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Open Space, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Hazelwood Elem
Middle Schools Alderwood Mid
High Schools Mountlake Terrace Hi
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, VA Loan
Listing Terms Cash Out, Conventional, VA Loan
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