16214 Larch Way, Lynnwood, WA 98087

$800,000

Listing courtesy of Keller Williams Rlty Bellevue.

List Price
$800,000
Status
PENDING
MLS#
1772306
Days on Market
7
Style
52 - Duplex
Building Condition
Good
Lot Size (sq ft)
12,197

Property Description

Check out this AMAZING income Producing turnkey Duplex, but what is more spectacular is the potential to build 6 townhomes with views of Martha Lake. Flat corner lot on a 12,197 sq. ft lot, MR Zoned, 1 unit per 2000 square feet. 45 Feet high height limit. Fantastic location, close to shopping, amenities, waterfront park access and freeway. Buyer to verify all info to their satisfaction.

Additional Information

List Date
2021-05-12 00:00:00
Community
Martha Lake
Potential Terms
Cash Out, Conventional
Year Built
1951
View
Lake, Mountain(s)
Roof
Composition
School District
Edmonds
Total Monthly Income
$3,000
Gross Scheduled Income
$36,000
Vacancy Rate
2
Gross Adjusted Income
$35,280
Tax Year
2020
Insurance Expense
$950
W/S/G Expenses
$340
Total Expenses
$8,443
Net Operating Income
$26,837
Gross Rent Multiplier
22
Cap Rate
3
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