Amazing Edmonds investment opportunity! Single owner is selling two, side-by-side duplex buildings. $500K per duplex (each duplex has 2 rental units in it, with each unit featuring 1 Bed/1 Bath/1 garage/1 wood burning fireplace/back deck/in house W/D, forced air/private entrance). OR buy BOTH duplex buildings for $1M & have 4 rentals! New 20 year roofs in 2013. Tenants responsible for electric, garbage; water/sewer reimbursed to owner per capita per building. See MLS#1291160 for other building.
Last Listed By
Ashley Abolafia
Windermere Real Estate/EastLicense #20113566Listed on: 05/15/2018
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1291331
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,517
Year Built
Built in 1980
Lot Details
8,276 Sq Ft Lot
Partially Fenced Property
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Siding
Interior Spaces
1,354 Sq Ft Home
1-Story Property
Territorial Views
Flooring
Wall to Wall Carpet
Vinyl
Parking
4 Parking Spaces
2 Covered Spaces
Open Parking
Outdoor Features
Deck
Schools
Westgate Elemwg Elementary School
College Pl Mid Middle School
Edmonds Woodway High School
Utilities
High Speed Internet
Cable TV Available
Community Details
Edmonds Subdivision
Listing and Financial Details
Assessor Parcel Number 27033600105400
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,517
Year Built
Built in 1980
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 52 - Duplex
Year Built: 1980
Buyer Agency Compensation: 3%
MLS Status: Sold
Prev Status: Closed
New Construction: No
CalculatedSquareFootage: 1354
Special Features: VirtualTour
Cumulative Days on Market: 258
Interior Features
Possible Use: Multi-Family
Fireplace: No
Flooring: Vinyl, Carpet
Interior Amenities: Forced Air, Wall to Wall Carpet
Stories: 1
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition
View: Territorial
Lot Features: Curbs, Paved, Sidewalk
View: Yes
Waterfront: No
Exterior Features: Wood
Foundation Details: Poured Concrete
Structure Type: Duplex
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 2
Open Parking Spaces: 2
Open Parking: Yes
Total Parking Spaces: 4
ParkingUncoveredSpaces: 2
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: FullyFenced
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
PowerCompany: PSE
SewerCompany: Olympic View
WaterCompany: Olympic View
WaterSewerGarbage: 363
Condo/Co-op/Association
Association Fee Frequency: Annually
Schools
Junior High Dist: Edmonds
High School: Edmonds Woodway High
Middle Or Junior School: College Pl Mid
Lot Info
Parcel Number: 27033600105400
Lot Size Acres: 0.19
Lot Size: 8,276
Lot Size Sq Ft: 8276
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
MLSLotSizeSource: Tax Records
ZoningJurisdiction: City
ZoningClass: Multi-Family
Green Features
Power Production Type: Electric
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 20
LeasedItems: None
TotalMonthlyIncome: 2125
Multi Family
Gross Scheduled Income: 25500
Net Operating Income: 21561
Number Of Units Total: 2
Insurance Expense: 1059
Leasable Area: 1354
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2018
Tax Annual Amount: 2517
MLS Schools
Elementary School: Westgate ElemWg
Ownership History
DateNameOwned ForOwner Type
Jun 2018 - PresentGoh Chun Beng6 Years and 11 Months
Private Individual
Purchase Details
Listed on
May 15, 2018
Closed on
Jun 18, 2018
Sold by
Jia Hong
Bought by
Goh Chun Beng
Seller's Agent
Ashley Abolafia
Windermere Real Estate/East
Buyer's Agent
Eileen Loh
RE/MAX Alliance
List Price
$500,000
Sold Price
$520,000
Premium/Discount to List
$20,000
4%
Total Days on Market
6
Current Estimated Value
$821,059
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,059
Avg. Annual Appreciation
6.01%
Original Mortgage
$382,500
Interest Rate
4.6%
Mortgage Type
New Conventional
Oct 2004 - Jun 2018Abolafia Steven and Abolafia Renee D13 Years and 8 Months
Private Individual
Purchase Details
Closed on
Oct 14, 2004
Sold by
West Larry J and West Marlis K
Bought by
Abolafia Steven and Abolafia Renee D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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This single family home could be easily converted into a duplex. Both main & lower levels are 1214 sf and both levels offer a kitchen, laundry, bathroom, living room w/ fireplace & 2 bedrooms. Well-organized layout with w/bedrooms located on opposite sides & bathroom in between. Many updates including remodeled kitchen & updated bathrooms. Zoned LDMR which allows for additional development of
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 23007 Edmonds Way, Edmonds, WA 98020 since 15 May 2018 and is currently estimated at $821,059, approximately $606 per square foot. This property was built in 1980. 23007 Edmonds Way is a home located in Snohomish County with nearby schools including Westgate Elementary School, College Place Middle School, and Edmonds Woodway High School.
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