16925 Larch Wy Lynnwood, WA 98037
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%+!
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
Description Secluded, Value In Land
View Mountain, Territorial
Square Feet 31799
Foundation Poured Concrete
Other Features Include:
Subdivision: Alderwood Manor
Sewer: Sewer Connected
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