21220 52nd Ave W

    Mountlake Terrace, WA 98043
    • $1,728,000
    • STATUS: Pending
    • ON SITE: 150 days
    • ID#: 1446092
    Under Contract
    UPDATED: 24 min ago
    $1,728,000
    • 0
      BEDS
    • 0.79
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,705
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    6-unit apt + SFR on a single lot located in the emerging Mountlake Terrace neighborhood. Updates include a new TPO roof, double paned vinyl windows and slider, new electrical panels and LED lighting, updated units and more. This property offers the savvy investor an opportunity to purchase a very well-maintained, updated income property with further income upside and multiple exit strategies with two separate buildings as well as the potential to redevelop with the continued rise in home prices.

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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 Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-23T15:17:18.593.

    www.thekendratoddgroup.com/homes/94073175

    21220 52nd Ave W Mountlake Terrace, WA 98043

    • Price: $1,728,000
    • Status: Pending
    • Updated: 24 min ago
    • ID#: 1446092
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.79
    Acres
    6,705
    SQFT
    $258
    $/SQFT
    1962
    Built
    Neighborhood:
    Mountlake Terrace
    County:
    Snohomish
    Area:
    SW Snohomish Cty/Lynnwood/Edmonds
    School District:
    Edmonds
    Property Description
    6-unit apt + SFR on a single lot located in the emerging Mountlake Terrace neighborhood. Updates include a new TPO roof, double paned vinyl windows and slider, new electrical panels and LED lighting, updated units and more. This property offers the savvy investor an opportunity to purchase a very well-maintained, updated income property with further income upside and multiple exit strategies with two separate buildings as well as the potential to redevelop with the continued rise in home prices.
    Exterior Features

    Carport Spaces 0 Exterior BrickWoodWood Products Foundation Poured Concrete Garage Spaces 0 Roof CompositionFlat Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 14 Uncovered Spaces 14

    Interior Features

    Floor Covering HardwoodLaminate HardwoodVinylWall to Wall Carpet Heating And Cooling Forced AirWall Unit1 Bathrooms 1.50 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 993 Unit1 Washer Dryer Y Unit2 Bathrooms 1.50 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 993 Unit2 Washer Dryer Y Unit3 Bathrooms 1.50 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 993 Unit3 Washer Dryer Y Unit4 Bathrooms 1.50 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 993 Unit4 Washer Dryer Y Unit5 Bathrooms 1.50 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 993 Unit5 Washer Dryer Y Unit6 Bathrooms 1.50 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 993 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.23 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 123435 Gross Rent Multiplier 13 Gross Scheduled Income 126600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3068 Leased Items None Net Operating Income 90353 New Construction YN No Other Expenses 8905 Possession ClosingSub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 12290 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 33082 Total Expenses TEX 33082 Total Monthly Income 10550 Unit1 Monthly Rent 1450 Unit2 Monthly Rent 1450 Unit3 Monthly Rent 1450 Unit4 Monthly Rent 1460 Unit5 Monthly Rent 1400 Unit6 Monthly Rent 1405 Vacancy Rate 2 Water Sewer Garbage 8819 Zoning Jurisdiction City

    Listing information © 2019 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 Kendra Todd Group at Keller Williams 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 Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-23T15:17:18.593.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Paragon Real Estate Advisors.