Address
4223 164th Street SW #A-F Lynnwood, WA
Price
$ 1,575,000
Property Attributes
- ML#1729328
- TypeMulti-Family
- CountySNOHOMISH
- CityLynnwood
- AreaSouthwest Snohom
- NeighborhoodAlderwood Manor
- Zip98087
- Style5-9 Units
- Year Built1989
- Taxes11757
- Price$ 1,575,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5982
- Lot Size0.5 Acres
Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
Data Source:
NWMLS
Property Description
6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on a single .5 acre parcel. VALUE-ADD WITH LOTS OF OPTIONS. Zoning will allow for 11 units with room to build more. Currently offered at a 5.5% Cap Rate; Fully-occupied with stable tenants, great cash flow and significant room to raise rents to a 6.5% Market Cap Rate. Some updated interiors & upgraded exteriors. Newer windows, newer roofs, etc. All units have W/D hook-ups. High-demand rental located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.
| Elementary School | Middle School | High School |
|---|---|---|
| Meadowdale ElemMd | Meadowdale Mid | Meadowdale High |
| Price History | |
|---|---|
| 2/27/2021 | Listed $1,575,000 |
General Features
| Amenities | Thermal Windows |
|---|---|
| Buildingareaunits | Square Feet |
| Carport Spaces | 4 |
| Carport Y/N | No |
| Elementary School | Meadowdale ElemMd |
| Energy Efficient | Thermal Windows |
| Exterior Features | Wood |
| Flooring | Laminate, Vinyl Plank, Carpet |
| High School | Meadowdale High |
| High School District | Edmonds |
| Interior Features | Laminate Hardwood |
| Middle/Junior High School | Meadowdale Mid |
| New Construction | No |
| Open Parking Spaces | 11 |
| Possible Use | Office, Residential |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Roof | Composition |
| Sewer | Sewer Connected |
| Standard Status | Active |
| Structure Type | Multi Family |
| Subdivision Name | Alderwood Manor |
| Tax Annual Amount | 11757 |
| Terms | Cash Out, Conventional |
| Total Units | 6 |
| Units Below Grade | false |
| Units In Building Total | 6 |
| Water Company | Alderwood Water District |
Interior Features
| Electric On Property Y/N | No |
|---|---|
| Fireplace Y/N | No |
| Furnished Y/N | Unfurnished |
| Power Production Type | Electric |
Exterior Features
| Building Area Total | 5982 |
|---|---|
| Foundation Details | Poured Concrete |
| Lot Dimensions | 88 x 239 |
| Lot Features | Corner Lot, Paved |
| Lot Size Acres | 0.5 |
| Lot Size Square Feet | 21780 |
| Lot Size Units | Square Feet |
| Open Parking Y/N | Yes |
| Parking Uncovered Spaces | 11 |
| Site Features | Fenced-Partially |
| Total Parking | 15 |
| View Y/N | No |
| Water Source | See Remarks |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 98087
Price
Taxes
Visits
Year Built
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