3318 Lincoln Way, Lynnwood, WA 98087
- $780,000
- 2,640
- SqFt
Listing courtesy of Real Property Associates. Selling Office: Keller Williams Eastside.
- Sold Price
- $780,000
- List Price
- $799,950
- Status
- SOLD
- MLS#
- 2170192
- Closing Date
- Nov 03, 2023
- Days on Market
- 7
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,640
- Area Total SqFt
- 2640
- Annual Tax Ammount
- 6746
- Lot Size (sq ft)
- 20,900
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-10-16
Property Description
Nice duplex in north Lynnwood/Lake Serene neighborhood built in 1985. Large lot that is fenced. Great floor plan with family room off kitchen, 2 bedrooms up in each unit with adjoining full baths. Half bath on main floor.both units have identical floor plans. Gas forced air heat. New furnaces in both units in 2021, roof replaced in 2017. New fence in 2023. Remodeled kitchen in unit B (vacant ). Large lot is .48 acre. Great location with great access to freeway, shopping, restaurants etc.
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Additional Information
- List Date
- 2023-10-27 00:00:00
- Community
- Lake Serene
- Net Operating Income
- $42,038
- Gross Adjusted Income
- $50,052
- Gross Scheduled Income
- $54,720
- Total Monthly Income
- $4,560
- Insurance Expenses
- $1,268
- Gross Rent Multiplier
- 15.98
- Total Expenses
- $8,014
- Cap Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 3318
- Potential Terms
- Cash Out
- Year Built
- 1985
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, Patio
- Energy Source
- Natural Gas
- School District
- Mukilteo
- Total Monthly Income
- $4,560
- Gross Scheduled Income
- $54,720
- Gross Adjusted Income
- $50,052
- Tax Year
- 2023
- Insurance Expense
- $1,268
- Total Expenses
- $8,014
- Net Operating Income
- $42,038
- Gross Rent Multiplier
- 15.98
- Cap Rate
- 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.