NWMLS*Courtesy of Four Union
16925 Larch Wy
Lynnwood, WA 98037
$949,999
Multi-Family
0 Beds
0.00 Baths
4810 SqFt
Active
Unique multi-family zoned duplex with options as an investor, developer, or owner occupied. The property has a seven year history of rental. In most recent years net operating income has been just shy of $55k; cap rate of 5.7%. Potential to subdivide at least two lots for sale or development. If the lots are sold for $200k to $250k, and the remaining property is held, the cap rate would jump to 8% to 12%+!
Listing Number: 1357235
Property Features
  • Community: Alderwood Manor
  • View: Mountain
  • View: Territorial
  • Cable TV
  • Deck
  • Disabled Access
  • Fenced-Fully
  • Gas Available
  • High Speed Internet
  • Outbuildings
  • Patio
  • RV Parking
  • Shop
  • Exterior: Wood
  • Roof: Composition
  • Year Built: 1998
  • 2017 Taxes: $7387.00
Lot Details
  • Lot Size: 0.73 acres
  • Lot Dimensions: 161' x 197'
  • Secluded
  • Value In Land
  • No. of Units: 2
Unit Details

Unit 1:
  • Description: A
  • Bedrooms: 3
  • Bathrooms: 2.00
  • Sq. Ft: 2405
  • Rent: $2950
  • Fireplaces: 1
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 2:
  • Description: B
  • Bedrooms: 3
  • Bathrooms: 3
  • Sq. Ft: 2405
  • Rent: $2450
  • Fireplaces: 2
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y
Interior
  • Forced Air
  • Insert
  • Stove/Free Stdg
  • Wall
  • Electric
  • Natural Gas
Schools
  • District: Edmonds
  • Elem: Martha Lake ElemMl
  • Middle: Alderwood Mid
  • High: Lynnwood High
Call or Email:
Pat Lord
(206) 395-4584

What's Near 16925 Larch Wy, Lynnwood, WA 98037?

More Homes Near 16925 Larch Wy, Lynnwood, WA 98037

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings marked with the "Three Trees" logo are provided by Northwest Multiple Listing Service. The associate represented on this web site is not a multiple listing service but is a member of a local MLS. DMCA Notice
TOP