21306 50th Ave W

    Mountlake Terrace, WA 98043
    • $895,000
    • STATUS: Pending
    • ON SITE: 31 days
    • ID#: 1520975
    Under Contract
    UPDATED: 71 min ago
    $895,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,456
      SQFT
    • $259
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Attractive 4plex in Mountlake Terrace with immediate upside. Building has been well maintained with long term tenants all currently on month to month leases. Units are all 2Bd/1Bth with in unit laundry. The building is well located just minutes from the future Lynnwood Link Light Rail Station and poised for substantial future appreciation. Significant upside in rents along with the ability to add value through renovations.

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    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 2019-10-21T17:17:09.023.

    www.home4investment.com/homes/99127514

    21306 50th Ave W Mountlake Terrace, WA 98043

    • Price: $895,000
    • Status: Pending
    • Updated: 71 min ago
    • ID#: 1520975
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,456
    SQFT
    $259
    $/SQFT
    1968
    Built
    Neighborhood:
    Mountlake Terrace
    County:
    Snohomish
    Area:
    SW Snohomish Cty/Lynnwood/Edmonds
    School District:
    Edmonds
    Property Description
    Attractive 4plex in Mountlake Terrace with immediate upside. Building has been well maintained with long term tenants all currently on month to month leases. Units are all 2Bd/1Bth with in unit laundry. The building is well located just minutes from the future Lynnwood Link Light Rail Station and poised for substantial future appreciation. Significant upside in rents along with the ability to add value through renovations.
    Exterior Features

    Carport Spaces 4 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Roof Flat Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 6 Uncovered Spaces 2

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 860 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 860 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 860 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 860 Unit4 Washer Dryer Y Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 4.35 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 55037 Gross Rent Multiplier 15 Gross Scheduled Income 56160 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2304 Leased Items None Net Operating Income 38896 New Construction YN No Other Expenses 2000 Possession ClosingSub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 6652 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 16141 Total Expenses TEX 16141 Total Monthly Income 4680 Unit1 Monthly Rent 1140 Unit2 Monthly Rent 1125 Unit3 Monthly Rent 1120 Unit4 Monthly Rent 1295 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 2 Water Sewer Garbage 5185 Zoning Jurisdiction City

    Listing information © 2019 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 2019-10-21T17:17:09.023.

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