5004-- 5022 190th St SW

    Lynnwood, WA 98036
    • $1,560,000
    • STATUS: Pending
    • ON SITE: 74 days
    • ID#: 1495291
    Under Contract
    UPDATED: 38 min ago
    $1,560,000
    • 0
      BEDS
    • 0.97
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,714
      SQFT
    • $273
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of The Preview Group.

    Description

    Great opportunity for the savvy investor or owner occupant to acquire 4 duplexes on a shy acre in South Lynnwood for under $200k per unit. Increase cash flow now while awaiting possible re-zone for future infill development. Many long-term tenants w/ upside to increase rents and/or utility bill back. Well positioned just off South Lynnwood's 196th retail corridor, Alderwood Mall, public transit (light rail 2024), I-5/Hwy 99. Seller would consider selling duplexes as a pair or individually.

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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 2019-10-20T14:15:04.307.

    www.home4investment.com/homes/97646629

    5004-- 5022 190th St SW Lynnwood, WA 98036

    • Price: $1,560,000
    • Status: Pending
    • Updated: 38 min ago
    • ID#: 1495291
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.97
    Acres
    5,714
    SQFT
    $273
    $/SQFT
    1941
    Built
    Neighborhood:
    Lynnwood
    County:
    Snohomish
    Area:
    SW Snohomish Cty/Lynnwood/Edmonds
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Edmonds
    Property Description
    Great opportunity for the savvy investor or owner occupant to acquire 4 duplexes on a shy acre in South Lynnwood for under $200k per unit. Increase cash flow now while awaiting possible re-zone for future infill development. Many long-term tenants w/ upside to increase rents and/or utility bill back. Well positioned just off South Lynnwood's 196th retail corridor, Alderwood Mall, public transit (light rail 2024), I-5/Hwy 99. Seller would consider selling duplexes as a pair or individually.
    Exterior Features

    Carport Spaces 0 Exterior BrickWoodWood Products Foundation Concrete BlockPost & PillarPoured Concrete Garage Spaces 0 Lot Details Cul-de-sacDead End StreetOpen SpacePaved StreetValue In Land Roof Composition Stories In Building 1 Style 55 - 5-Plex Total Parking Spaces 24 Uncovered Spaces 24

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling BaseboardWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 735 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 735 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 715 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 715 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 701 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 701 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 3.95 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 88620 Gross Rent Multiplier 17 Gross Scheduled Income 88620 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2207 Leased Items None Net Operating Income 61580 New Construction YN No Other Expenses 3001 Possession Closing Power Company Snoco Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Lynnwood Site Features Cable TVFenced-PartiallyGas AvailableHigh Speed InternetRV Parking Tax Amount 14109 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 27040 Total Expenses TEX 27040 Total Monthly Income 7385 Unit1 Monthly Rent 860 Unit2 Monthly Rent 900 Unit3 Monthly Rent 875 Unit4 Monthly Rent 1050 Unit5 Monthly Rent 900 Unit6 Monthly Rent 950 Vacancy Rate 0 Water Company City Of Lynnwood Water Sewer Garbage 7723 Water Source Public

    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 2019-10-20T14:15:04.307.

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