Bought with CENTURY 21 North Homes Realty
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5216 188th ST SW Lynnwood, WA 98037
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Key Details
Sold Price $1,015,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $255
Subdivision Alderwood Manor
MLS Listing ID 1748124
Sold Date 04/29/21
Style 54 - 4-Plex
Year Built 1968
Annual Tax Amount $6,886
Lot Size 0.300 Acres
Lot Dimensions 13,068
Property Description
Town House style 4-plex ready to be added to your portfolio. Amazing location near Lynnwood's future light rail station, I-5 and 405. Surrounded by beautiful landscaping, these 2 bed/1 bath units all boast balconies, patios and 2 parking spots each. This investment has the potential to earn an impressive ROI. Already cash flowing and fully rented, this property allows new buyer to capture rent increases and implement utility reimbursements as soon as you close. Current rents $1,000-$1,250. Estimated Rent $1,650. Cap Rate with rent increases is 5.5%. Also for sale 5226 188th Street SW. Buy one or both! Perfect cash flowing asset for the savvy or newbie investor.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood, Wood Products
Utilities Available Sewer Connected, Electric
Amenities Available Deck, Patio
Waterfront Yes
Waterfront Description Saltwater
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, State Bond, VA Loan
Listing Terms Cash Out, Conventional, FHA, State Bond, VA Loan
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