15320 40th Avenue W, Lynnwood, WA 98087
- $1,270,000
- 3,812
- SqFt
Listing courtesy of Best Choice Realty LLC.
- List Price
- $1,270,000
- Status
- ACTIVE
- MLS#
- 2436507
- Price Change
- ▼ $29,900 1776477447
- Days on Market
- 306
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,812
- Area Total SqFt
- 3812
- Annual Tax Ammount
- 8857
- Lot Size (sq ft)
- 13,504
- Sewer
- Sewer Connected
Property Description
Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building with all 4 units updated, new roof installed this summer and back deck freshly painted. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.
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Additional Information
- List Date
- 2025-09-23 22:10:27
- Community
- Alderwood
- Net Operating Income
- $71,444
- Gross Adjusted Income
- $89,880
- Gross Scheduled Income
- $89,880
- Total Monthly Income
- $7,490
- Insurance Expenses
- $2,259
- Water/Sewer/Garbage Expenses
- $5,520
- Gross Rent Multiplier
- 14.46
- Total Expenses
- $18,436
- Cap Rate
- 5.4
- Total Number of Units
- 4
- Unit Name
- 15320
- Potential Terms
- Cash, Conventional
- Year Built
- 1980
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, High Speed Internet
- Electric Expenses
- 1800
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Beverly Elem
- Middle School
- Meadowdale Mid
- High School
- Meadowdale High
- Total Monthly Income
- $7,490
- Gross Scheduled Income
- $89,880
- Gross Adjusted Income
- $89,880
- Tax Year
- 2024
- Insurance Expense
- $2,259
- W/S/G Expenses
- $5,520
- Total Expenses
- $18,436
- Net Operating Income
- $71,444
- Gross Rent Multiplier
- 14.46
- Cap Rate
- 5.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.