AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a fully occupied tri-plex in Lynnwood. Strong portfolio starter or addition. 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 and driveway gravel. 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!
Property Features
Bedrooms
Interior Features
- Ceramic Tile
- Wall to Wall Carpet
- Flooring: Ceramic Tile, Stone, Vinyl, Vinyl Plank, Wall to Wall Carpet
Bathrooms
Heating and Cooling
- Heating Features: Baseboard, Forced Air, Stove/Free Standing
- Heating Fuel: Electric, Natural Gas, Pellet
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Carport Spaces: 1
- Covered Spaces: 2
- Open Parking Spaces: 8
- Open Parking: Yes
- Parking Features: RV Parking
- Parking Total: 11
- Uncovered Spaces: 8
- Garage Sqft: 560
Land Info
- Lot Description: Dead End Street, Paved Street
- Lot Size Acres: 0.2100092
- Lot Size Square Feet: 9148
Home Features
- View: Territorial
- Security Features: PartiallyFenced
School Information
- Elementary School: Buyer To Verify
- High School: Buyer To Verify
- High School District: Edmonds
- Middle School: Buyer To Verify
Rental Info
- Gross Scheduled Income: 63480
- Leasable Area: 3547
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 3
- Bedrooms in Unit-1: 4
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Total Bathrooms in Unit-1: 2.5
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Unit-1 Square Feet: 2237
- Unit-2 Square Feet: 839
- Unit-3 Square Feet: 471
- Unit 1 Total Actual Rent: 2495
- Unit 2 Total Actual Rent: 1595
- Unit 3 Total Actual Rent: 1200
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Cable TV
- Fenced-Fully
- High Speed Internet
- RV Parking
- Annual Tax Amount: 7133
- Source Listing Status: Active
- Country Region: US
- County: Snohomish
- Cap Rate: 4.4
- Directions: GPS Friendly
- Tax Year: 2024
- Source Property Type: Multi-Family
- Possible Use: Multi-Family
- Insurance Expense: 2500
- Area: 730 - Southwest Snohomish
- List Development Name: Lynnwood
- Source Neighborhood: Lynnwood
- Parcel Number: 00473600002600
- Street Suffix Modifier: Place
- Subdivision: Lynnwood
- Zoning: Multi-Family
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Commercial Info
- Net Operating Income: 53847
- Operating Expense: 9633
Utilities
- Power Production Type: Electric, Natural Gas, Pellet
- Sewer: Sewer Connected
- Water Source: Public
Building and Construction
- Building Area Total: 3547
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Living Area Units: Square Feet
- Property Age: 61
- Property Condition: Good
- Roof: Composition, Torch Down
- Building Total Stories: 2
- Structure Type: Triplex
- House Style: Tri-plex
- Elevation Units: Feet
