Green State Tools
Jonathan Schoenhals
(206) 905-7676(206) 905-7676

4109, 4113 156th St SW, Lynnwood, WA 98087 (MLS # 1501707)

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Listing provided by Paragon Real Estate Advisors

PRICE $9,100,000
BEDS 12
BATHS 6 baths
HOME SIZE 31,618 sq ft
LOT SIZE 1.66 ac

The Mount View Apartments provide an investor with the opportunity to own a well-maintained 35-unit building with a tremendous amount of income growth. All but a few units have hardwood floors and the upstairs units have woodburning fireplaces and balconies. The new owner can install washers/dryers in the remaining units and perform a light remodel to the kitchen and bathrooms to capture even higher rental upside. Additionally, the condo-style units may be converted into condos by a new owner.

DAYS ON MARKET 16 LAST UPDATED 8/8/2019
YEAR BUILT 1985 COMMUNITY Lynnwood
COUNTY Snohomish STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Edmonds


ADDITIONAL DETAILS
AMENITIES Coin Op Laundry
ANNUAL TAXES 56152
APN 00372901102303
AREA 730 - Southwest Snohom
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 1.00, 1.00
BATHROOMS6 1.00, 1.00
BEDROOMS1 2
BEDROOMS2 2
BEDROOMS3 2
BEDROOMS4 2
BEDROOMS5 2
BEDROOMS6 2
CAP RATE (NOI / LP) 5.09
DISHWASHER1 Y
DISHWASHER2 Y
DISHWASHER3 Y
DISHWASHER4 Y
DISHWASHER5 Y
DISHWASHER6 Y
ELECRICAL EXPENSES 3000
ENERGY SOURCE Electric
EXTERIOR Wood, Wood Products
FLOOR COVERING Laminate Hardwood, Vinyl, Wall to Wall Carpet
FORM 17 Exempt
FOUNDATION Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 628995
GROSS RENT MULTIPLIER 13
GROSS SCHEDULED INCOME 662100
HEATING AND COOLING Baseboard
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 7147
LEASED ITEMS None
NET OPERATING INCOME 462826
OFFERS Reviewed on receipt
OTHER EXPENSES 65870
POSSESION Closing, Sub. Tenant's Rights
POTENTIAL TERMS Cash Out
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
RANGE/OVEN6 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
REFRIGERATOR6 Y
ROOF Composition
SEWER Sewer Connected
SQUARE FEET UNIT 1 938
SQUARE FEET UNIT 2 938
SQUARE FEET UNIT 3 938
SQUARE FEET UNIT 4 938
SQUARE FEET UNIT 5 938
SQUARE FEET UNIT 6 938
STYLE 56 - 10+ Units
TAX YEAR 2019
TOTAL EXPENSES 166169
TOTAL MONTHLY INCOME 55175
TOTAL NUMBER OF PARKING SPACES 60
UNITS BELOW GRADE N
VACANCY RATE 5
WASHER/DRYER1 Y
WASHER/DRYER2 Y
WASHER/DRYER3 Y
WASHER/DRYER4 Y
WASHER/DRYER5 Y
WASHER/DRYER6 Y
Listing provided by Paragon Real Estate Advisors

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2019 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Green State Realty and should be verified by the buyer.
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ZESTIMATE
4109, 4113 156th St SW, Lynnwood, WA

RENT ZESTIMATE
$ / mo.  4109, 4113 156th St SW, Lynnwood, WA

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