23615 79th Avenue W, Edmonds, WA 98026

$1,075,000
5,064
SqFt

Listing courtesy of Windermere Real Estate/HLC. Selling Office: Westlake Associates, Inc..

Sold Price
$1,075,000
List Price
$998,000
Status
SOLD
MLS#
1620744
Closing Date
Jul 21, 2020
Days on Market
4
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
5,064
Area Total SqFt
5064
Annual Tax Ammount
9404
Lot Size (sq ft)
8,276
Sewer
Sewer Connected
Offer Review Date
2020-06-30

Property Description

First time on market in 40 years! {VALUE ADD} Townhouse style 4 Plex-rents well below market value! Despite the COVID crises, Seattle/Edmonds/Shoreline real estate is smoking hot! Terrific investment opportunity for the savvy investor who can imagine the possibilities with some ingenuity. Potential to earn an impressive return on investment. Buyer to verify. Conveniently located between I-5 & Hwy 99 in Edmonds WA. Easy access to downtown Seattle! New light rail stop is a 5 min drive. Edmonds SD!

Additional Information

List Date
2020-07-17 00:00:00
Community
Lake Ballinger
Net Operating Income
$17,957
Gross Scheduled Income
$39,000
Total Monthly Income
$3,250
Insurance Expenses
$4,800
Water/Sewer/Garbage Expenses
$6,600
Total Expenses
$21,044
Total Number of Units
4
Unit Name
23615
Potential Terms
Cash Out, Conventional
Year Built
1971
View
Territorial
Roof
Composition
Site Features
Deck
Electric Expenses
240
School District
Edmonds
Elementary School
Westgate ElemWg
Middle School
College Pl Mid
High School
Edmonds Woodway High
Total Monthly Income
$3,250
Gross Scheduled Income
$39,000
Tax Year
2020
Insurance Expense
$4,800
W/S/G Expenses
$6,600
Total Expenses
$21,044
Net Operating Income
$17,957
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