*Courtesy of Sterling Johnston Real Estate
16028 44th Ave W #1-24
Lynnwood, WA 98087
$5,495,000
Multi-Family
0 Beds
0.00 Baths
23000 SqFt
Active
24 fully renovated,5.4% Cap Rate,Actual NOI $294,886.00,900K spent on interior & exterior renovations.1,2,& 3 bedroom condo quality units, acquire a turnkey asset, easy to manage, growing area in a strong job market,1.6 Billion light rail link extension near the property will guarantee appreciation.20 min to Seattle.Onsite leasing office,W/D in all units,large decks,8 storage units plenty of parking,large parcel near hospitals, community college, minutes to I-5/405,walk to shopping, restaurants.
Listing Number: 1138384
Property Features
  • Community: Meadowdale
  • View: Mountain
  • Cable TV
  • Deck
  • Fenced-Partially
  • Exterior: Wood
  • Roof: Composition
  • Year Built: 1978
  • 2019 Taxes: $57158.00
Lot Details
  • Lot Size: 1.19 acres
  • Corner Lot
  • Curbs
  • Paved Street
  • Sidewalk
  • No. of Units: 24
Unit Details

Unit 1:
  • Description: 1
  • Bedrooms: 1
  • Bathrooms: 1.00
  • Sq. Ft: 750
  • Rent: $1295
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 2:
  • Description: 2
  • Bedrooms: 1
  • Bathrooms: 1
  • Sq. Ft: 750
  • Rent: $1295
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 3:
  • Description: 3
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 950
  • Rent: $1470
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 4:
  • Description: 4
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 950
  • Rent: $1470
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 5:
  • Description: 5
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 950
  • Rent: $1470
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 6:
  • Description: 6
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 950
  • Rent: $1470
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y
Interior
  • Baseboard
  • Electric
  • Wood
Common Features
  • Storage
Schools
  • District: Edmonds
  • Elem: Buyer To Verify
  • Middle: Buyer To Verify
  • High: Buyer To Verify
Call or Email:
Pat Lord
(206) 395-4584

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