4223 164th St SW Unit #A-F, Lynnwood, WA 98087
Sold
6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on a single .5 acre parcel. VALUE-ADD WITH LOTS OF OPTIONS. Zoning will allow for 11 units with room to build more. Currently offered at a 5.5% Cap Rate; Fully-occupied with stable tenants, great cash flow and significant room to raise rents to a 6.5% Market Cap Rate. Some updated interiors & upgraded exteriors. Newer windows, newer roofs, etc. All units have W/D hook-ups. High-demand rental located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.
Broker:Charles S. Burnett
Office: Sound Realty Group Inc
Property Details
SOLD: $1,520,000
Address: 4223 164th St SW Unit #A-F
City: Lynnwood
State: WA
Zip: 98087
MLS#: 1729328
Beds: n/a
Baths: n/a
Square Feet: n/a
Garage: n/a
Year Built: n/a
Status: Sold
Baths: n/a
Square Feet: n/a
Garage: n/a
Year Built: n/a
Status: Sold