21220 52nd Ave W $1,728,000

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    21220 52nd Ave W Mountlake Terrace, WA 98043

    • 0 Beds
    • 0 Baths
    • 6,705 sq.ft.
    • Multi-Family
    Listing# 1446092 | Pending

    $1,728,000

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    Days On Market: 149 1 Views
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    Property Details

    6-unit apt + SFR on a single lot located in the emerging Mountlake Terrace neighborhood. Updates include a new TPO roof, double paned vinyl windows and slider, new electrical panels and LED lighting, updated units and more. This property offers the savvy investor an opportunity to purchase a very well-maintained, updated income property with further income upside and multiple exit strategies with two separate buildings as well as the potential to redevelop with the continued rise in home prices.

    • General Features
      • County Snohomish
      • Style 55-5-9 Units
      • Number of Stories 2
      • Number of Units 7
      • Year Built 1962
      • Lot Square Footage 34,376
      • County Snohomish
    • Building Features
      • Approx SqFt 6,705
      • Roof Compostion, Flat
      • Exterior Brick, Wood, Wood Products
      • Floor Covering Hardwood, Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $10,550
      • Net Operating Income $90,353
      • Gross Scheduled Income $126,600
      • Gross Adjusted Income $123,435
      • Total Expenses $33,082
      • Other Expenses $8,905
      • Insurance Expenses $3,068
      • Expenses $33,082
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $12,290
      • Energy Source Electric
      • Heating and Cooling Forced Air, Wall
      • Sewer Company Sewer Connected
    • Schools
      • School District Edmonds

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    Neighborhood

    98043 (Mountlake Terrace) Demographics

    37Median Age
    5,092Population Density (per sq. mile)
    43%College Educated
    $66,451 Estimated Median Income
    4,654Estimated Total Home Owners
    3,540Estimated Total Renters
    57% / 43%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    20,774Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $475,000 Median Sales Price
    23 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,728,000
        7/23/2019 11:51:16 AM Status Changed Source New Value: Pending
        6/19/2019 11:41:05 AM Price Reduced Source New Value: $1,728,000 -1.26%
        4/25/2019 4:12:00 PM New in Database Source New Value: $1,750,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. 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. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.