231 164TH Street SE, Bothell, WA 98012
- $700,000
Listing courtesy of Blue Ridge Realty, Inc.. Selling Office: CENTURY 21 Real Estate Center.
- Sold Price
- $700,000
- List Price
- $699,950
- Status
- SOLD
- MLS#
- 2312351
- Closing Date
- Jan 10, 2025
- Days on Market
- 10
- Style
- 53 - Tri-plex
- Annual Tax Ammount
- 4396
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
Property Description
Fixer triplex on 10,890 Sq Ft corner site zoned for up to 5 units/townhomes. Has steady, long-term tenants. Located on 164th Street between Mill Creek & I-5. Adjoins "Mill Creek Townhomes" to the south. Present triplex structure with long term tenants allows for additional income ($39K+NOI) while planning future development & obtaining permits. Maybe feasible to rehab and add more units/townhomes to site? Sewer connected and rare corner access with dual driveway curb cuts. Townhouse development allowed with one unit per 2,000 sq ft per Snohomish County MR Zoning. Sewer & water lines replaced 1999. Full pre-inspection & sewer scope completed for existing "as-is" structure. Needs roof and extensive cosmetic & other work ...report available
/u.realgeeks.media/360degreesrealestate/header.png)
Additional Information
- List Date
- 2024-12-31 00:00:00
- Community
- Mill Creek
- Net Operating Income
- $38,960
- Gross Adjusted Income
- $47,922
- Gross Scheduled Income
- $48,900
- Total Monthly Income
- $4,075
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $2,966
- Gross Rent Multiplier
- 14
- Total Expenses
- $8,962
- Cap Rate
- 5.5
- Vacancy Rate
- 2
- Total Number of Units
- 3
- Unit Name
- 231
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1920
- Roof
- Composition
- Other Expenses
- 400
- Energy Source
- Electric, See Remarks
- School District
- Edmonds
- Elementary School
- Oak Heights ElemOh
- Middle School
- Alderwood Mid
- High School
- Lynnwood High
- Total Monthly Income
- $4,075
- Gross Scheduled Income
- $48,900
- Vacancy Rate
- 2
- Gross Adjusted Income
- $47,922
- Tax Year
- 2024
- Insurance Expense
- $1,200
- W/S/G Expenses
- $2,966
- Total Expenses
- $8,962
- Net Operating Income
- $38,960
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.5
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.