3208 156th Street SW, Lynnwood, WA 98087
- $1,034,325
- 2,552
- SqFt
Listing courtesy of Tapp & Co.. Selling Office: John L. Scott, Inc..
- Sold Price
- $1,034,325
- List Price
- $1,080,000
- Status
- SOLD
- MLS#
- 2273432
- Closing Date
- Oct 01, 2024
- Days on Market
- 72
- Style
- 52 - Duplex
- Building Condition
- Remodeled
- Finished SqFt
- 2,552
- Area Total SqFt
- 2552
- Annual Tax Ammount
- 7100
- Lot Size (sq ft)
- 14,375
- Sewer
- Sewer Connected
Property Description
Conveniently situated Lynnwood duplex on a large corner lot. Each side features a 1276 sqft townhouse unit with 2 bedrooms plus a den, 1.75 baths, private laundry, a private yard, ample parking, and a private garage each. Both units are updated with a modern kitchen, baths, and appliances. Renovated in 2016, including landscaping, plumbing, electrical panels and lighting upgrades, roof, kitchen/bath cabinets, quartz countertops, appliances, hot water heaters, paint, and flooring. The property, on a large 14,375sqft corner lot zoned MR, has future potential for up to 7 units (buyer to verify). Well-maintained and versatile – ideal for owner-occupiers or investors. What a fantastic opportunity!
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Additional Information
- List Date
- 2024-07-21 00:00:00
- Community
- North Lynnwood
- Net Operating Income
- $46,645
- Gross Adjusted Income
- $57,360
- Gross Scheduled Income
- $57,360
- Total Monthly Income
- $4,780
- Insurance Expenses
- $1,943
- Water/Sewer/Garbage Expenses
- $1,672
- Gross Rent Multiplier
- 18.8
- Total Expenses
- $10,715
- Cap Rate
- 4.32
- Total Number of Units
- 2
- Unit Name
- 3208
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1977
- Roof
- Composition
- Site Features
- Fenced-Partially
- Energy Source
- Electric
- 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
- 18.8
- Cap Rate
- 4.32
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.