7614 206th Street SW, Edmonds, WA 98026
- $1,180,000
- 4,320
- SqFt
Listing courtesy of Coldwell Banker Danforth. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,180,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2279420
- Closing Date
- Oct 21, 2024
- Days on Market
- 10
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,320
- Area Total SqFt
- 4320
- Annual Tax Ammount
- 5858
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
Great opportunity to acquire this four plex near Edmonds College. Owned by the same family since 1975, this has been a solid incoming producing asset. Well maintained building has very low turnover, month to month rents are under market.
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Additional Information
- List Date
- 2024-10-11 00:00:00
- Community
- Edmonds Comm College
- Net Operating Income
- $59,148
- Gross Adjusted Income
- $73,500
- Gross Scheduled Income
- $73,500
- Total Monthly Income
- $6,125
- Insurance Expenses
- $3,662
- Water/Sewer/Garbage Expenses
- $5,326
- Gross Rent Multiplier
- 17
- Total Expenses
- $21,940
- Cap Rate
- 4.73
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 7614
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1968
- Roof
- Composition
- Electric Expenses
- 102
- Other Expenses
- 6992
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,125
- Gross Scheduled Income
- $73,500
- Vacancy Rate
- 1
- Gross Adjusted Income
- $73,500
- Tax Year
- 2023
- Insurance Expense
- $3,662
- W/S/G Expenses
- $5,326
- Total Expenses
- $21,940
- Net Operating Income
- $59,148
- Gross Rent Multiplier
- 17
- Cap Rate
- 4.73
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.