5004-- 5022 190th St SW $1,560,000

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    5004-- 5022 190th St SW Lynnwood, WA 98036

    • 0 Beds
    • 0 Baths
    • 5,714 sq.ft.
    • Multi-Family
    Listing# 1495291 | Pending
    Days On Market: 72 4 Views
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    Property Details

    Great opportunity for the savvy investor or owner occupant to acquire 4 duplexes on a shy acre in South Lynnwood for under $200k per unit. Increase cash flow now while awaiting possible re-zone for future infill development. Many long-term tenants w/ upside to increase rents and/or utility bill back. Well positioned just off South Lynnwoods 196th retail corridor, Alderwood Mall, public transit (light rail 2024), I-5/Hwy 99. Seller would consider selling duplexes as a pair or individually.

    • General Features
      • County Snohomish
      • County Snohomish
      • Lot Details Cul-de-sac, Dead End Street, Open Space, Paved Street, Value In Land
      • Lot Square Footage 42,345
      • Number of Stories 1
      • Number of Units 8
      • Site Features Cable TV, Fenced-Partially, Gas Available, High Speed Internet, RV Parking
      • Style 55-5-9 Units
      • Year Built 1941
    • Building Features
      • Roof Compostion
      • Exterior Brick, Wood, Wood Products
      • Approx SqFt 5,714
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $7,385
      • Net Operating Income $61,580
      • Gross Scheduled Income $88,620
      • Gross Adjusted Income $88,620
      • Total Expenses $27,040
      • Other Expenses $3,001
      • Insurance Expenses $2,207
      • Expenses $27,040
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 17
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $14,109
      • Energy Source Electric
      • Heating and Cooling Baseboard, Wall
      • Water Company City of Lynnwood
      • Sewer Company Sewer Connected
    • Schools
      • School District Edmonds
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    98036 (Lynnwood) Demographics

    38Median Age
    3,982Population Density (per sq. mile)
    45%College Educated
    $68,750 Estimated Median Income
    9,035Estimated Total Home Owners
    5,180Estimated Total Renters
    64% / 36%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    38,536Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $550,000 Median Sales Price
    39 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: $1,560,000
        9/14/2019 8:01:28 AM Status Changed Source New Value: Pending
        8/6/2019 3:11:00 PM 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, 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.