Shannon Renner
Broker

RSVP Real Estate
11900 NE 1st St., Suite 300
Bellevue, WA 98004
Cell:(206) 510-3370

$949,999

16925 Larch Wy Lynnwood, WA 98037

Beds: 0
Baths: 0.00
Sq Ft: 4810
Type: Multi-Family
MLS#: 1357235
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

Unique multi-family zoned duplex with options as an investor, developer, or owner occupied. The property has a seven year history of rental. In most recent years net operating income has been just shy of $55k; cap rate of 5.7%. Potential to subdivide at least two lots for sale or development. If the lots are sold for $200k to $250k, and the remaining property is held, the cap rate would jump to 8% to 12%+!

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DescriptionInterior & Exterior Features

Interior Features Include:

Heating: Forced Air, Insert, Stove/Free Stdg, Wall
Source Electric, Natural Gas

Floor Type: Hardwood, Vinyl, Wall to Wall Carpet


Exterior Features Include:

Acreage: 0.7300 Acres

Lot:
Description Secluded, Value In Land
View Mountain, Territorial
Square Feet 31799

Roof: Composition

Exterior:
Foundation Poured Concrete

Other Features Include:

Subdivision: Alderwood Manor

Sewer: Sewer Connected

This Listing is Presented By
45567

Shannon Renner

Cell: (206) 510-3370

Fax: (206) 629-7737

Email: shannon0220@gmail.com

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Listings provided courtesy of Northwest Multiple Listing Service (NWMLS). The three tree IDX icon refers to a listing provided by NWMLS.

Disclaimer: The information contained in this listing has not been verified by the owner of this website and should be verified by the buyer.

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