5312 188th Street SW, Lynnwood, WA 98037

$1,599,000
3,968
SqFt

Listing courtesy of Berkshire Hathaway HS NW.

List Price
$1,599,000
Status
PENDING
MLS#
2197817
Days on Market
62
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,968
Lot Size (sq ft)
13,068

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
2024-02-21 18:34:10
Community
Downtown - Lynnwood
Potential Terms
Cash Out, Conventional
Year Built
1968
Roof
Flat
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
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