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    14924 48th Avenue W

    Edmonds, WA 98026
    • $849,000
    • STATUS: Pending
    • ON SITE: 34 days
    • ID#: 1776155
    Under Contract
    UPDATED: 71 min ago
    $849,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Capture Realty Llc.

    Description

    Investor alert, this is the first time this property has been on the market in 17 years. Current tenants are on month to month leases and are currently looking for new places. Rents have not been raised in 9 years for unit A and 4 years for unit B. Nothing but potential for this amazing investment opportunity. Exterior is in great condition with newer roof, gutter and exterior paint. 3 bed 2.5 bath 1400+ sqft, similar properties are renting in the area for between $2200 and $2800 with some minor interior updates this will cashflow nicely with 5.5%+ cap rate.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pacific Partners @ Greene Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-22T00:14:05.047.

    www.pacificpartnerswow.com/homes/117350331
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    14924 48th Avenue W Edmonds, WA 98026

    • Price: $849,000
    • Status: Pending
    • Updated: 71 min ago
    • ID#: 1776155
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    1990
    Built
    Neighborhood:
    Edmonds
    County:
    Snohomish
    Area:
    SW Snohomish Cty/Lynnwood/Edmonds
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Edmonds
    Property Description
    Investor alert, this is the first time this property has been on the market in 17 years. Current tenants are on month to month leases and are currently looking for new places. Rents have not been raised in 9 years for unit A and 4 years for unit B. Nothing but potential for this amazing investment opportunity. Exterior is in great condition with newer roof, gutter and exterior paint. 3 bed 2.5 bath 1400+ sqft, similar properties are renting in the area for between $2200 and $2800 with some minor interior updates this will cashflow nicely with 5.5%+ cap rate.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features Wood Lot Features Paved Open Parking Spaces 6 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 6 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Bamboo/CorkCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 3350 Insurance Expense 1250 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 31554 New Construction YN No Possible Use Multi-FamilyResidential Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 6196 Tax Year 2020 Total Expenses 7446 Units In Building Total 2 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 0 Water Source Public Zoning Class Multi-FamilyResidential Zoning Jurisdiction See Remarks

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pacific Partners @ Greene Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pacific Partners @ Greene Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-22T00:14:05.047.

     
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    Pacific Partners @ Greene Realty
    1722 Harrison Ave. Ste. A
    Olympia WA, 98502
    Listing Courtesy of Capture Realty Llc.