2118 160th Place SW, Lynnwood, WA 98087
- $925,000
- 3,547
- SqFt
Listing courtesy of COMPASS.
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 2534485
- Price Change
- ▼ $22,450 1782513256
- Days on Market
- 655
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,547
- Area Total SqFt
- 3547
- Annual Tax Ammount
- 7133
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a turn-key tri-plex in Lynnwood. Strong portfolio starter, addition or opportunity to live in one unit while renting the others! Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint. Conveniently located and just minutes to I5, Shopping, Lakes, Trails, Restaurants, Schools and more! Just a block from the upcoming Ash Way Light Rail Station making for an easy commute either direction along with Very Favorable Zoning!
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Additional Information
- List Date
- 2024-10-09 17:29:12
- Community
- Lynnwood
- Net Operating Income
- $53,847
- Gross Adjusted Income
- $63,480
- Gross Scheduled Income
- $63,480
- Total Monthly Income
- $5,290
- Insurance Expenses
- $2,500
- Gross Rent Multiplier
- 19.3
- Total Expenses
- $9,633
- Cap Rate
- 4.4
- Total Number of Units
- 3
- Unit Name
- 2118
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1963
- View
- Territorial
- Roof
- Composition, Torch Down
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, RV Parking
- Energy Source
- Electric, Natural Gas, Pellet
- School District
- Edmonds
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,290
- Gross Scheduled Income
- $63,480
- Gross Adjusted Income
- $63,480
- Tax Year
- 2024
- Insurance Expense
- $2,500
- Total Expenses
- $9,633
- Net Operating Income
- $53,847
- Gross Rent Multiplier
- 19.3
- Cap Rate
- 4.4
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.