4109-4113 156th St SW $8,850,000

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    4109-4113 156th St SW Lynnwood, WA 98087

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    $8,850,000

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    • 0 Beds
    • 0 Baths
    • 31,618 sq.ft.
    • Multi-Family
    • Listing# 1552549
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    Views: 4 Days On Market: 7

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    Property Details

    Great opportunity to own a well-maintained 35-unit complex, which consists of 3 buildings in 4plex layouts. All but a few units have hardwood floors and the upstairs units have wood-burning 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 large units may be converted into condos by a new owner.

    • General Features
      • County Snohomish
      • County Snohomish
      • Lot Square Footage 72,310
      • Number of Stories 2
      • Number of Units 35
      • Selling Office Commission 1.25
      • Style 56-10+ Units
      • Year Built 1985
    • Building Features
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Amenities See Remarks
      • Approx SqFt 31,618
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $56,710
      • Net Operating Income $478,143
      • Gross Scheduled Income $680,520
      • Gross Adjusted Income $653,299
      • Total Expenses $175,156
      • Other Expenses $66,906
      • Insurance Expenses $7,085
      • Expenses $175,156
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $56,152
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Edmonds

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    Neighborhood

    98087 (Lynnwood) Demographics

    33 Median Age
    6,579 Population Density (per sq. mile)
    41% College Educated
    $70,760 Estimated Median Income
    6,504 Estimated Total Home Owners
    6,221 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    36,649 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $505,000 Median Sales Price
    46 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: $8,850,000
        1/10/2020 10:22:00 AM New in Database Source

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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, 2020. 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.