23523 Edmonds Way, Edmonds, WA 98026
- $1,500,000
- 6,432
- SqFt
Listing courtesy of Coldwell Banker Danforth. Selling Office: Westlake Associates, Inc..
- Sold Price
- $1,500,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 1634831
- Closing Date
- Jan 19, 2021
- Days on Market
- 95
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 6,432
- Area Total SqFt
- 6432
- Annual Tax Ammount
- 11456
- Lot Size (sq ft)
- 10,454
- Sewer
- Sewer Connected
Property Description
Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.
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Additional Information
- List Date
- 2020-10-16 00:00:00
- Community
- Esperance
- Net Operating Income
- $46,000
- Gross Adjusted Income
- $57,390
- Gross Scheduled Income
- $77,520
- Total Monthly Income
- $6,460
- Insurance Expenses
- $3,560
- Water/Sewer/Garbage Expenses
- $6,985
- Gross Rent Multiplier
- 25
- Total Expenses
- $42,000
- Cap Rate
- 23
- Total Number of Units
- 6
- Unit Name
- 23523
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1986
- Roof
- Tile
- Site Features
- Cable TV, Dock, Fenced-Partially, High Speed Internet
- Electric Expenses
- 270
- Other Expenses
- 20000
- School District
- Edmonds
- Total Monthly Income
- $6,460
- Gross Scheduled Income
- $77,520
- Gross Adjusted Income
- $57,390
- Tax Year
- 2019
- Insurance Expense
- $3,560
- W/S/G Expenses
- $6,985
- Total Expenses
- $42,000
- Net Operating Income
- $46,000
- Gross Rent Multiplier
- 25
- Cap Rate
- 23
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