Northwest Knowledge

4223 164th St SW Unit A-F $1,575,000

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    4223 164th St SW Unit A-F Lynnwood, WA 98087

    • 0 Beds
    • 0 Baths
    • 6,378 sq.ft.
    • Multi-Family
    Listing# 1450086 | Active
    Days On Market: 163 1 Views
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    Property Details

    Six-unit property consisting of a townhome-style Fourplex and a rambler Duplex sitting on a .5 Acre Parcel. Fully-Occupied w/ Great CashFlow (5.55% Actual Cap Rate) and room to raise rents. Solid turn-key investment property. Property zoning would allow for 11 units and there is room to build more. Lots of value-add options! Remodeled interiors & upgraded exteriors. New windows; newer roof, etc. Located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.

    • General Features
      • County Snohomish
      • County Snohomish
      • Lot Details Paved Street
      • Lot Square Footage 21,780
      • Number of Stories 2
      • Number of Units 6
      • Site Features Deck, Fenced-Partially
      • Style 55-5-9 Units
      • Unit A-F
      • View Territorial
      • Year Built 1989
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Amenities Thermal Windows
      • Approx SqFt 6,378
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $9,100
      • Net Operating Income $87,366
      • Gross Scheduled Income $109,320
      • Gross Adjusted Income $109,320
      • Total Expenses $21,954
      • Other Expenses $2,651
      • Insurance Expenses $1,269
      • Expenses $21,954
      • Heating Expenses $0
      • Electrical Expenses $550
      • Gross Rent Multiplier 14
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $11,408
      • Energy Source Electric
      • Heating and Cooling Forced Air
      • Water Company Alderwood Water District
      • Sewer Company Sewer Connected
    • Schools
      • School District Edmonds
      • Senior High Meadowdale High
      • Junior High Meadowdale Mid
      • Elementary School Meadowdale ElemMd

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    Neighborhood

    98087 (Lynnwood) Demographics

    33Median Age
    6,579Population Density (per sq. mile)
    41%College Educated
    $70,760 Estimated Median Income
    6,504Estimated Total Home Owners
    6,221Estimated Total Renters
    51% / 49%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    36,649Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $499,490 Median Sales Price
    63 Homes Sold
    97 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,575,000
        9/18/2019 1:41:28 PM Status Changed Source New Value: Active
        9/11/2019 2:51:34 PM Status Changed Source New Value: Pending Feasibility
        5/7/2019 4:11:00 PM New in Database Source

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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.