Listed by Northmarq Multifamily, LLC, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE
-- Bed
-- Bath
6,801 Sq Ft
6,098 Sq Ft Lot

Last Sold May 31, 2019

Last sale price $2,796,700 $411 Per Sq Ft

121 Days on Market

About This Home

As of May 2019

The apartment boasts newly remodeled units along with some views of the Puget Sound and Olympic Mountains. The building is a 3-story building located in the heart of the historic Edmonds Bowl. Turnkey building with additional upside in rents. (2) office spaces, (1) studio apartment, and (8) 1 bedroom units. The property is well maintained.

Last Agent to Sell the Property

Tyler Smith

Northmarq Multifamily, LLC License #24028396 Listed on: 10/08/2018

Co-Listed By

Steve Fischer

Northmarq Multifamily, LLC License #87455

Last Buyer's Agent

Lori Midttun

Best Choice Realty LLC License #25005773

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1372440

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,204

Year Built

  • Built in 1962

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 6,801 Sq Ft Home
  • 3-Story Property

Parking

  • 14 Parking Spaces
  • Open Parking

Community Details

  • Edmonds Bowl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00434202101000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,204

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6801
  • Special Features: None
  • Cumulative Days on Market: 436

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 11573

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00434202101000
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 18015

Multi Family

  • Gross Scheduled Income: 216180
  • Net Operating Income: 151879
  • Number Of Units Total: 11
  • Insurance Expense: 3300
  • Leasable Area: 6801
  • UnitsInBuildingTotal: 11
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 15204

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $2,796,700 -6.6% $411 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $2,995,000 0.0% $440 / Sq Ft
12/31/2018 12/31/18 Pending -- -- --
10/30/2018 10/30/18 Price Changed $2,995,000 -6.4% $440 / Sq Ft
10/08/2018 10/08/18 For Sale $3,200,000 -- $471 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1372440

Northwest Multiple Listing Service (NWMLS)

APN: 00434202101000