1116-1120 5th Ave S $7,000,000

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    1116-1120 5th Ave S Edmonds, WA 98020

    • 0 Beds
    • 0 Baths
    • 25,700 sq.ft.
    • Multi-Family
    Listing# 1408555
    SOLD 9/29/2019

    $7,000,000

    Market Estimate
    Days On Market: 48 44 Views
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    Property Details

    Price Reduced! 24-unit apartment community located in the highly sought-after and walkable downtown Edmonds Bowl neighborhood. 2 large buildings on a single lot the property has had many upgrades in the last three years to position it well for this great location. Mostly large two-bedroom units with washers and dryers as well as storage lockers. Significant upside potential in rents and ample on-site parking.

    • General Features
      • County Snohomish
      • Zoning Code Multi-Family
      • County Snohomish
      • Lot Square Footage 35,719
      • Number of Stories 3
      • Number of Units 24
      • Style 56-10+ Units
      • View Sound, Territorial
      • Year Built 1977
    • Building Features
      • Roof Flat
      • Exterior Brick, Cement/Concrete
      • Amenities Coin Op Laundry
      • Approx SqFt 25,700
      • Floor Covering Vinyl, Wall to Wall Carpet
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $41,735
      • Net Operating Income $339,323
      • Gross Scheduled Income $500,820
      • Gross Adjusted Income $490,804
      • Total Expenses $151,480
      • Other Expenses $69,540
      • Insurance Expenses $7,604
      • Expenses $151,480
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 14
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $46,336
      • Energy Source Electric
      • Heating and Cooling Baseboard, Radiant
      • Sewer Company Sewer Connected
    • Schools
      • School District Edmonds

    Neighborhood

    98020 (Edmonds) Demographics

    49Median Age
    3,866Population Density (per sq. mile)
    63%College Educated
    $85,625 Estimated Median Income
    6,351Estimated Total Home Owners
    2,179Estimated Total Renters
    74% / 26%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    19,996Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $649,500 Median Sales Price
    30 Homes Sold
    18 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $7,295,000 4.21%
        9/29/2019 12:00:00 AM Sold Source New Value: $7,000,000 -2.71%
        7/2/2019 1:21:16 PM Status Changed Source New Value: Pending
        6/20/2019 1:21:34 PM Price Reduced Source New Value: $7,195,000

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.