4223 164th St SW Unit A-F, Lynnwood, WA 98087

$1,599,900
6,378
SqFt

Listing courtesy of Keller Williams Seattle Metro.

List Price
$1,599,900
Status
ACTIVE
MLS#
1307078
Days on Market
101
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
6,378
Lot Size (sq ft)
21,780

Property Description

Six-unit property consisting of a townhome-style Fourplex and a rambler Duplex sitting on a .5 Acre Parcel. Fully-Occupied w/ Great CashFlow and room to raise rents. Solid turn-key investment property. Property zoning would allow for 11 units and there is room to build more. Lots of value-add options! Remodeled interiors & upgraded exteriors. New windows; newer roof, etc. Located in desirable Lynnwood w/ proximity to 99 & I-5, major employers, Alderwood Mall retail & restaurants.

Additional Information

List Date
2018-06-13 00:00:00
Community
Alderwood Manor
Property Type
MULT
Units
6
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1989
Total Parking
15
Uncovered Parking
11
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
['Fenced-Partially']
Lot Details
Paved Street
School District
Edmonds
Elementary School
Meadowdale ElemMd
Middle School
Meadowdale Mid
High School
Meadowdale High
Total Monthly Income
$8,945
Gross Scheduled Income
$107,340
Gross Adjusted Income
$107,340
Annual Taxes
$12,245
Tax Year
2017
Insurance Expense
$2,800
W/S/G Expenses
$4,374
Total Expenses
$23,742
Net Operating Income
$83,598
Gross Rent Multiplier
14
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
792
Unit 1 Rent
$1,420
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
792
Unit 2 Rent
$1,415
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
1099
Unit 3 Rent
$1,555
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
1099
Unit 4 Rent
$1,470
Unit 5 Beds
2
Unit 5 Baths
1.50
Unit 5 Size
1099
Unit 5 Rent
$1,540
Unit 6 Beds
2
Unit 6 Baths
1.50
Unit 6 Size
1099
Unit 6 Rent
$1,545
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