5312 188th Street SW, Lynnwood, WA 98037
- $1,540,000
- 3,968
- SqFt
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Kelly Right RE of Seattle LLC.
- Sold Price
- $1,540,000
- List Price
- $1,599,000
- Status
- SOLD
- MLS#
- 2197817
- Closing Date
- Apr 24, 2024
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,968
- Area Total SqFt
- 3968
- Annual Tax Ammount
- 7704
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 13,068
- Sewer
- Available
Property Description
4 renovated townhomes in 2018, 3 min to Alderwood Mall, 5 min to future light rail station! Each townhome has 2 bedrooms 1.5 bath, washer& dryer inside, its own backyard, balcony, 2 assigned ample parking for each unit plus guest parking spots. Perfect for combination of short-term or long-term rentals in order to maximize rental income. Located in upgrading area of Lynnwood city center, close to transportation, 5 min commute to I-5, affordable space with colorful city life!
Additional Information
- List Date
- 2024-04-11 00:00:00
- Community
- Downtown - Lynnwood
- Net Operating Income
- $88,659
- Gross Adjusted Income
- $104,400
- Gross Scheduled Income
- $104,400
- Total Monthly Income
- $8,700
- Insurance Expenses
- $2,155
- Water/Sewer/Garbage Expenses
- $3,132
- Gross Rent Multiplier
- 15
- Total Expenses
- $15,741
- Cap Rate
- 5.5
- Total Number of Units
- 4
- Unit Name
- 5312
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Flat
- Electric Expenses
- 2400
- Other Expenses
- 350
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $8,700
- Gross Scheduled Income
- $104,400
- Gross Adjusted Income
- $104,400
- Tax Year
- 2024
- Insurance Expense
- $2,155
- W/S/G Expenses
- $3,132
- Total Expenses
- $15,741
- Net Operating Income
- $88,659
- Gross Rent Multiplier
- 15
- Cap Rate
- 5.5
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.