608 Sunset Ave N, Edmonds, WA 98020

$2,180,000
3,912
SqFt

Listing courtesy of RE/MAX Commercial Services.

List Price
$2,180,000
Status
PENDING FEASABILITY
MLS#
1507943
Price Change
▼ $119,000 1569881236
Days on Market
52
Style
53 - Tri-plex
Building Condition
['Remodeled']
Finished SqFt
3,912
Lot Size (sq ft)
11,326

Property Description

Iconic Midcentury Sunset Ave Property on the waterfront. Beautifully remodeled with deluxe finishes. The rents are under market for pristine property such as this. Never a vacancy due to location. They fill up as fast as they move out (and who moves out...?) Walkable to everything Edmonds has to offer with western views of Puget Sound and the Olympic mountains. Daily sunsets and walks on the beach just steps away. Keep it as a rental or move into a unit.

Additional Information

List Date
2019-08-20 00:00:00
Community
Downtown Edmonds
Property Type
MULT
Units
3
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1955
Total Parking
8
Uncovered Parking
5
Waterfront
Yes
View
Sound
Exterior
Brick
Roof
Composition
School District
Edmonds
Total Monthly Income
$8,395
Gross Scheduled Income
$100,740
Vacancy Rate
3
Gross Adjusted Income
$97,717
Annual Taxes
$13,931
Tax Year
2018
Insurance Expense
$2,000
W/S/G Expenses
$3,300
Total Expenses
$20,431
Net Operating Income
$77,286
Gross Rent Multiplier
22
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Rent
$3,750
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Rent
$1,800
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Rent
$2,800
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