16925 Larch Wy

    Lynnwood, WA 98037
    • $949,999
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 1352102
    UPDATED: 55 min ago
    $949,999
    • 5
      BEDS
    • 0.73
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 4,810
      SQFT
    • $198
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1998
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Four Union.

    Description

    This duplex has options! Occupy the 2,405 of ADA accessible sqft upstairs as your personal residence, house your toys in the 2008 sqft of heated garage space, and leverage the 2,405 of lower unit sqft as your business home base. Or, continue to rent as a duplex to produce $55k of net operating income; a 5.7% cap rate. Subdivide the 31,799 sqft lot, entitle and sell - or develop yourself. If lots were sold for $200k to $250k the existing property could be held for a cap rate between 8% to 12%.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-12-10T09:13:50.047.

    www.home4investment.com/homes/87220226

    16925 Larch Wy Lynnwood, WA 98037

    • Price: $949,999
    • Status: Active
    • Updated: 55 min ago
    • ID#: 1352102
    5
    Beds
    5
    Baths
    0
    ½ Baths
    0.73
    Acres
    4,810
    SQFT
    $198
    $/SQFT
    1998
    Built
    Neighborhood:
    Alderwood Manor
    County:
    Snohomish
    Area:
    SW Snohomish Cty/Lynnwood/Edmonds
    Elementary School:
    Martha Lake Elemml
    Middle School:
    Alderwood Mid
    High School:
    Lynnwood High
    School District:
    Edmonds
    Property Description
    This duplex has options! Occupy the 2,405 of ADA accessible sqft upstairs as your personal residence, house your toys in the 2008 sqft of heated garage space, and leverage the 2,405 of lower unit sqft as your business home base. Or, continue to rent as a duplex to produce $55k of net operating income; a 5.7% cap rate. Subdivide the 31,799 sqft lot, entitle and sell - or develop yourself. If lots were sold for $200k to $250k the existing property could be held for a cap rate between 8% to 12%.
    Exterior Features

    Architecture Contemporary Building Condition Very Good Building Information Additional DwellingBuilt On Lot Exterior Wood Foundation Poured Concrete Lot Details SecludedValue In Land Lot Dimensions 161' X 197' Lot Topography And Vegetation Fruit TreesGarden SpaceLevelPartial Slope Parking Type Garage-Attached Roof Composition Style 12 - 2 Story Total Covered Parking Spaces 6 View MountainTerritorial

    Interior Features

    Appliances DishwasherMicrowaveRange/OvenRefrigerator Basement Fully Finished Bedrooms Lower 2 Bedrooms Main 3 Bedrooms Upper 0 Fireplaces 2 Floor Covering HardwoodVinylWall to Wall Carpet Heating And Cooling Forced AirStove/Free StandingWall Interior Features 2nd KitchenBath Off MasterCeiling Fan(s)Dbl Pane/Storm WindwDining RoomDisabled AccessHigh Tech CablingWalk In PantryWalk-in Closet Master Bedroom Location Main Square Footage Finished 4810 Square Footage Unfinished 0 Water Heater Basement Central-(2) 50Gal Gas Standard

    Property Features

    Bank Owned No Bus Line Nearby Y Bus Route Number Ashway P&R Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Not Provided Hers Index 0 Home Owner Dues 0 Lot Number 11 Monthly Rent If Rented 0 New Construction YN No Possession ClosingNegotiableSee Remarks Power Company Pud Right Of First Refusal No Senior Exemption N Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Alderwood Site Features Cable TVDeckDisabled AccessFenced-FullyGas AvailableHigh Speed InternetOutbuildingsPatioRV ParkingShop Square Footage Source Realist Tax Amount 8603 Tax Year 2018 Terms Cash OutConventionalFHAOwner FinancingVA Third Party Approval Required None Water Company Alderwood Water Source Public Zoning Code R9600 Zoning Jurisdiction County

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-12-10T09:13:50.047.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Four Union.