$879,000

6 Beds 4 Baths 3,547 SQFT 0.21 Acres

Type: Multi-Family

2118 160th Place SW
Lynnwood, WA 98087

MLS#: 2534485

Presented by: COMPASS and NWMLS

Property Description

AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a turn-key tri-plex in Lynnwood. Strong portfolio starter, addition or opportunity to live in one unit while renting the others! Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint. Conveniently located and just minutes to I5, Shopping, Lakes, Trails, Restaurants, Schools and more! Just a block from the upcoming Ash Way Light Rail Station making for an easy commute either direction along with Very Favorable Zoning!

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringCeramic Tile, Stone, Vinyl, Vinyl Plank, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas, Pellet

Total Fireplaces0

Total Stories2

General

Building Area Units0 sqft

Cap Rate4.4

Carport Spaces1

Carport Y/NNo

CityLynnwood

CoolingNone

CountySnohomish

DirectionsGPS Friendly

Electric Expense0

Elementary SchoolBuyer To Verify

Fuel Expense0

Garage Spaces2

HOANo

HOA Fee$0

HeatingBaseboard, Forced Air, Stove/Free Standing

High SchoolBuyer To Verify

High School DistrictEdmonds

Insurance Expense2500

Leasable Area3,547 sqft

Listing TermsCash, Conventional, VA Loan

Living Area0 sqft

Lot Size Square Feet9,148 sqft

Lot Size UnitsSquare Feet

MLS Area730 - Southwest Snohomish

Middle/Junior High SchoolBuyer To Verify

NWM_ShowMapLinkY

Net Operating Income53847

New ConstructionNo

Number Of Units Total3

PossessionClosing, Subject To Tenant Rights

Possible UseMulti-Family, See Remarks

Property ConditionGood

Property Style53 - Tri-plex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksAMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a turn-key tri-plex in Lynnwood. Strong portfolio starter, addition or opportunity to live in one unit while renting the others! Pot

RoofComposition, Torch Down

Security FeaturesFully Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeTriplex

Subdivision NameLynnwood

Tax Annual Amount$7,133

Tax Year2024

Units Below Gradefalse

Units In Building Total3

ViewTerritorial

Water CompanyAlderwood

Water Sewer Garbage0

Year Built1963

Zoning DescriptionMulti-Family, See Remarks

Exterior

Building Area Total3,547 sqft

Covered Spaces3

Exterior AmenitiesWood, Wood Products

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesDead End Street, Paved, Value In Land

Lot Size Acres0.21

Parking FeaturesRV Parking

Parking Uncovered Total5

Site FeaturesCable TV, Deck, Fenced-Fully, High Speed Internet, RV Parking

Total Parking8

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School Buyer To Verify High School

Middle School Buyer To Verify Middle School

Elementary School Buyer To Verify Elementary School

Similar Properties

$879,000

6 Beds 4 Baths 3,547 SQFT 0.21 Acres

Type: Multi-Family

2118 160th Place SW
Lynnwood, WA 98087

MLS#: 2534485

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Property

$879,000

2118 160th Place SW
Lynnwood, WA 98087

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$879,000

2118 160th Place SW
Lynnwood, WA 98087

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About

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Property

$879,000

2118 160th Place SWLynnwood, WA 98087

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$879,000

2118 160th Place SWLynnwood, WA 98087

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2118 160th Place SW
Lynnwood, WA 98087

2118 160th Place SW
Lynnwood, WA 98087