16302 2nd Place W, Lynnwood, WA 98087

$1,100,000
2,712
SqFt

Listing courtesy of KW Everett.

List Price
$1,100,000
Status
ACTIVE
MLS#
1982986
Days on Market
113
Style
52 - Duplex
Finished SqFt
2,712
Lot Size (sq ft)
31,363

Property Description

Investor-Developer Alert!! Townhouse style duplex on private .72 acre lot. Centrally located townhouse style duplex near Martha Lake yet tucked away on a private lot. Walk to near by amenities & a close commute to anywhere. Spacious, well-maintained units each with 3 bed, 1.5 bath, wood burning fireplace, in unit W&D, 1 car garage, deck & fenced yards. Rent, or Live in one side & rent out the other. VALUE ADD with 2 additional lots supporting 30x50 footprints to build 2 additional homes. Make a handsome return by subdividing the land into two additional building lots while keeping your cash flowing duplex. (Unincorporated Snohomish County) Buyer to verify sqft, zoning & use to buyer's satisfaction.

Additional Information

List Date
2022-08-15 20:56:10
Community
Martha Lake
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1986
View
Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially
School District
Edmonds
Elementary School
Oak Heights ElemOh
Middle School
Alderwood Mid
High School
Lynnwood High
Total Monthly Income
$4,000
Gross Scheduled Income
$48,000
Gross Adjusted Income
$48,000
Tax Year
2022
W/S/G Expenses
$175
Total Expenses
$8,323
Net Operating Income
$39,852
Gross Rent Multiplier
22.92
Cap Rate
3.6
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