Bought with Paragon Real Estate Advisors
$1,600,000
$1,495,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
10 Baths
4,455 SqFt
SOLD DATE : 11/14/2024
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,455 sqft
Price per Sqft $359
Subdivision Lynnwood
MLS Listing ID 2305638
Sold Date 11/14/24
Style 55 - 5-9 Units
Bedrooms 10
Year Built 1994
Annual Tax Amount $9,479
Lot Size 0.270 Acres
Property Description
The property was built in 1994 and has been well cared for under the same ownership for the past 23 years. The building offers high quality amenities to the tenants including in-unit washer/dryer hookups, fireplaces, private decks, full appliance packages, storage units and two parking stalls for each unit. The primary bedroom in each unit has a huge walk-in closet and an ensuite bathroom with a double vanity. The units are comprised of 5 – 891 square foot 2-bedroom/2-bathroom units. The seller lightly updated unit 301 and is currently asking $2,315 for the unit. The remaining units reside at an average rent of $1,887 providing significant upside for the next owner.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Fireplace false
Exterior
Exterior Feature Wood
Waterfront No
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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Team Leader/Broker | License ID: 108348