9010 236th Street SW, Edmonds, WA 98026

$1,550,000
4,122
SqFt

Listing courtesy of The Joseph Group.

List Price
$1,550,000
Status
ACTIVE
MLS#
2196391
Price Change
▼ $50,000 1714693535
Days on Market
106
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
4,122
Lot Size (sq ft)
8,276

Property Description

Explore this serene & centrally located four-plex in Edmonds, a hidden gem offering a tranquil retreat with urban convenience. This property features a diverse mix of units: one 3-bedroom, one 2-bedroom, & two 1-bedroom apartments, each boasting spacious living areas, & modern updates like newer cabinets, quartz countertops, & stainless steel appliances. Perfect for investors or those seeking a live/rent lifestyle, it's minutes from transit, ferry services, parks, & the waterfront, with easy access to grocery stores & restaurants. Ample parking enhances its appeal, making it an ideal choice for combining peaceful living with easy access to city amenities. Buy & hold or house-hack, the opportunity is huge.

Additional Information

List Date
2024-02-12 20:32:16
Community
Edmonds
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1977
View
Territorial
Roof
Composition
Site Features
Cable TV
School District
Edmonds
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$7,900
Gross Scheduled Income
$94,800
Vacancy Rate
3
Gross Adjusted Income
$91,956
Tax Year
2023
Insurance Expense
$2,928
W/S/G Expenses
$4,920
Total Expenses
$17,587
Net Operating Income
$74,369
Gross Rent Multiplier
16.87
Cap Rate
4.7
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