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Listed by Real Estate 2000 Inc. David M. Hilbert
$ 4,199,900
Est. payment | /mo
12,750 SqFt
$ 4,199,900
Est. payment | /mo
12,750 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 12,750 sqft
Price per Sqft $329
Subdivision Canyon Park
MLS Listing ID 2456005
Style 56 - 10+ Units
Year Built 1968
Lot Size 4.550 Acres
Property Sub-Type Multi Family
Property Description
Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!
Location
State WA
County Snohomish
Area 610 - Southeast Snohomish
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Northshore
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Virtual Tour https://www.tourfactory.com/idxr3231225
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Dave Anderson
REALTOR® | Lic# 106984