21902 - 21918 64th Avenue W, Mountlake Terrace, WA 98043
- $15,500,000
- 40,483
- SqFt
Listing courtesy of Pacific Crest.
- List Price
- $15,500,000
- Status
- PENDING INSPECTION
- MLS#
- 2028015
- Days on Market
- 74
- Style
- 56 - 10+ Units
- Finished SqFt
- 40,483
- Lot Size (sq ft)
- 97,138
- Bank Owned
- Yes
Property Description
Delta Estates Townhomes is centrally located within walking distance of the Terrace Plaza shopping center situated just a few blocks from the I-5 freeway entrance and less than 5 minutes from the Transit Center which is near completion of the Gateway development project boasting the brand-new Pedestrian Plaza. Express bus routes, quick access to I-5 and the Transit Center provides residents with easy access to the surrounding Seattle and Eastside areas. Landing within the Edmonds School District, Delta Estates is just minutes from the local Elementary and High School. In addition, residents of this neighborhood find themselves within just a few minutes of the local Niles Shrine Golf Course and Lake Ballinger.
Additional Information
- List Date
- 2023-01-16 22:42:09
- Community
- Mountlake Terrace
- Potential Terms
- Conventional
- Year Built
- 1985
- View
- See Remarks
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio
- School District
- Edmonds
- Elementary School
- Chase Lake Elem
- Middle School
- College Pl Mid
- High School
- Edmonds Woodway High
- Total Monthly Income
- $90,409
- Gross Scheduled Income
- $1,084,908
- Vacancy Rate
- 4
- Gross Adjusted Income
- $1,046,936
- Tax Year
- 2022
- Insurance Expense
- $11,310
- W/S/G Expenses
- $31,446
- Total Expenses
- $314,929
- Net Operating Income
- $732,007
- Gross Rent Multiplier
- 14.28
- Cap Rate
- 4.72
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