8204 242nd Street SW, Edmonds, WA 98026
- $1,200,000
- 3,964
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..
- Sold Price
- $1,200,000
- List Price
- $1,075,000
- Status
- SOLD
- MLS#
- 1760089
- Closing Date
- May 28, 2021
- Days on Market
- 8
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,964
- Area Total SqFt
- 3964
- Annual Tax Ammount
- 7970
- Lot Size (sq ft)
- 12,632
- Sewer
- Available
- Offer Review Date
- 2021-04-23
Property Description
This 1980’s constructed 4-plex is located in Snohomish County’s premier city of Edmonds. Spacious units make this property attractive to a wide range of tenants. All large 2 bed units with in-unit laundry and private balconies. Top 2 units have vaulted ceilings. Quiet cul-de-sac location. Sitting close to transit hubs, this property allows for easy access in all direction. There is rental upside to push rents to increase owner income, rents on this property are roughly 25% below market.
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Additional Information
- List Date
- 2021-05-20 00:00:00
- Community
- Firdale
- Net Operating Income
- $35,685
- Gross Adjusted Income
- $54,948
- Gross Scheduled Income
- $57,840
- Total Monthly Income
- $4,820
- Insurance Expenses
- $1,650
- Water/Sewer/Garbage Expenses
- $5,143
- Gross Rent Multiplier
- 18
- Total Expenses
- $19,263
- Cap Rate
- 3.32
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 8204
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1980
- Roof
- Composition
- Other Expenses
- 4500
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $4,820
- Gross Scheduled Income
- $57,840
- Vacancy Rate
- 5
- Gross Adjusted Income
- $54,948
- Tax Year
- 2021
- Insurance Expense
- $1,650
- W/S/G Expenses
- $5,143
- Total Expenses
- $19,263
- Net Operating Income
- $35,685
- Gross Rent Multiplier
- 18
- Cap Rate
- 3.32
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