3208 156th Street SW Unit #1 & 2, Lynnwood, WA 98087

$1,297,500
2,552
SqFt

Listing courtesy of Tapp & Co..

List Price
$1,297,500
Status
ACTIVE
MLS#
2249599
Days on Market
42
Style
52 - Duplex
Building Condition
Remodeled
Finished SqFt
2,552
Lot Size (sq ft)
14,375

Property Description

This townhouse-style Duplex is conveniently situated! The property, on a large 14,375sqft corner lot zoned MR, has potential for up to 7 units (buyer to verify). Each townhouse unit features 2 bedrooms plus a den, 1.75 baths, in-unit laundry, a private yard, ample parking, and a private garage. Both units are updated with a modern kitchen, baths, and appliances. Renovated in 2015/2016, including landscaping, plumbing, electrical panels and upgrades, roof, kitchen/bath cabinets, quartz countertops, appliances, hot water heaters, paint, and flooring. Well-maintained and versatile – ideal for owner-occupiers or investors. What a fantastic opportunity!

Additional Information

List Date
2024-05-06 02:45:08
Community
North Lynnwood
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1977
Roof
Composition
Site Features
Fenced-Partially
School District
Edmonds
Total Monthly Income
$4,780
Gross Scheduled Income
$57,360
Gross Adjusted Income
$57,360
Tax Year
2023
Insurance Expense
$1,943
W/S/G Expenses
$1,672
Total Expenses
$10,715
Net Operating Income
$46,645
Gross Rent Multiplier
22.62
Cap Rate
3.6
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