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Fantastic 4plex in prime Lynnwood location! Easy access to future Lynnwood Light Rail and Transit Center (2024), Alderwood Mall, I-5 and Highway 99 - high demand rental area with excellent equity potential from Light Rail development. Spacious layouts, professionally managed, coin-operated laundry income, and no vacancies. Perfect value-add play with below market rents- just needs a few more cosmetic updates to achieve pro-forma cap rate of 6.2%. Don't miss this rare opportunity to future-proof your portfolio with this Lynnwood investment!

Listing ID1983135
Sold For$930,000
StatusClosed
Sold Date9/19/2022
SqFt 2,912
Acres 0.300
CountySnohomish
SubdivisionAlderwood
Year Built1969
Property TypeResidential Income
Property Sub TypeMulti-Family

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Chris Kallin
Address: 2609 1st Ave
Seattle, WA 98121
United States
Phone: 2069996920