18905 24th Avenue W Unit #A/B, Lynnwood, WA 98036
- $588,000
- 2,284
- SqFt
Listing courtesy of John L. Scott Mill Creek. Selling Office: John L. Scott Mill Creek.
- Sold Price
- $588,000
- List Price
- $624,950
- Status
- SOLD
- MLS#
- 1425492
- Closing Date
- May 09, 2019
- Days on Market
- 12
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,284
- Area Total SqFt
- 2284
- Annual Tax Ammount
- 6050
- Lot Size (sq ft)
- 12,197
- Sewer
- Sewer Connected
Property Description
This duplex was built in 1999 and each unit is comprised of 1142sq. ft with two master suites upstairs and a ½ bath on the main floor. Unit A has not been updated but unit B was recently updated with new carpet and laminate wood floors. Huge rear yards and excellent location make this a wonderful long- or short-term investment. There has been zero turn over of tenants in over a decade so there is also a potential rental upside.
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Additional Information
- List Date
- 2019-04-27 00:00:00
- Community
- Alderwood Manor
- Net Operating Income
- $24,797
- Gross Adjusted Income
- $27,497
- Gross Scheduled Income
- $34,200
- Total Monthly Income
- $2,850
- Water/Sewer/Garbage Expenses
- $653
- Gross Rent Multiplier
- 25
- Total Expenses
- $6,703
- Cap Rate
- 4.39
- Total Number of Units
- 2
- Unit Name
- 18905
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1999
- Roof
- Composition
- Site Features
- Cable TV, Patio, RV Parking
- School District
- Edmonds
- Elementary School
- Brier Elem
- Middle School
- Buyer To Verify
- High School
- Lynnwood High
- Total Monthly Income
- $2,850
- Gross Scheduled Income
- $34,200
- Gross Adjusted Income
- $27,497
- Tax Year
- 2018
- W/S/G Expenses
- $653
- Total Expenses
- $6,703
- Net Operating Income
- $24,797
- Gross Rent Multiplier
- 25
- Cap Rate
- 4.39
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