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14924 48th Avenue W

Edmonds, WA 98026
  • $849,000
  • STATUS: Pending
  • ON SITE: 30 days
  • ID#: 1776155
Under Contract
UPDATED: 30 min ago
$849,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1990
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Capture Realty Llc.

Description

Investor alert, this is the first time this property has been on the market in 17 years. Current tenants are on month to month leases and are currently looking for new places. Rents have not been raised in 9 years for unit A and 4 years for unit B. Nothing but potential for this amazing investment opportunity. Exterior is in great condition with newer roof, gutter and exterior paint. 3 bed 2.5 bath 1400+ sqft, similar properties are renting in the area for between $2200 and $2800 with some minor interior updates this will cashflow nicely with 5.5%+ cap rate.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robinett Group | Compass Washington/Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-18T13:15:13.627.

www.robinettgroup.com/homes/117350331
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14924 48th Avenue W Edmonds, WA 98026

  • Price: $849,000
  • Status: Pending
  • Updated: 30 min ago
  • ID#: 1776155
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1990
Built
Neighborhood:
Edmonds
County:
Snohomish
Area:
SW Snohomish Cty/Lynnwood/Edmonds
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Edmonds
Property Description
Investor alert, this is the first time this property has been on the market in 17 years. Current tenants are on month to month leases and are currently looking for new places. Rents have not been raised in 9 years for unit A and 4 years for unit B. Nothing but potential for this amazing investment opportunity. Exterior is in great condition with newer roof, gutter and exterior paint. 3 bed 2.5 bath 1400+ sqft, similar properties are renting in the area for between $2200 and $2800 with some minor interior updates this will cashflow nicely with 5.5%+ cap rate.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features Wood Lot Features Paved Open Parking Spaces 6 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 6 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Flooring Bamboo/CorkCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 3350 Insurance Expense 1250 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 31554 New Construction YN No Possible Use Multi-FamilyResidential Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 6196 Tax Year 2020 Total Expenses 7446 Units In Building Total 2 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 0 Water Source Public Zoning Class Multi-FamilyResidential Zoning Jurisdiction See Remarks

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Robinett Group | Compass Washington/Seattle and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robinett Group | Compass Washington/Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-18T13:15:13.627.

 
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The Robinett Group | Compass Washington/Seattle
2033 6th Ave Suite 600
Seattle WA, 98021
Listing Courtesy of Capture Realty Llc.