4223 164th Street SW #A-F, Lynnwood, WA 98087 | 1729328 | Berkshire Hathaway HomeServices Northwest Real Estate

4223 164th Street SW #A-F $1,520,000

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    4223 164th Street SW #A-F Lynnwood, WA 98087

    Closed
    SOLD 7/8/2021

    $1,520,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 5,982 sq. ft.
    • Multi-Family
    • Listing# 1729328
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    Views: 42

    Property Details

    6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on a single .5 acre parcel. VALUE-ADD WITH LOTS OF OPTIONS. Zoning will allow for 11 units with room to build more. Currently offered at a 5.5% Cap Rate; Fully-occupied with stable tenants, great cash flow and significant room to raise rents to a 6.5% Market Cap Rate. Some updated interiors & upgraded exteriors. Newer windows, newer roofs, etc. All units have W/D hook-ups. High-demand rental located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.

    • General Features
      • County Or Parish Snohomish
      • Furnished Unfurnished
      • Leasable Area 5982
      • Leasable Area Units Square Feet
      • MLS Area Major 730 - Southwest Snohom
      • New Construction Y/N No
      • Property Sub Type Multi-Family
      • Special Listing Conditions None
      • Style Code 55 - 5-9 Units
      • Subdivision Name Alderwood Manor
      • Tax Annual Amount 11757
      • Tax Year 2020
      • Year Built 1989
    • Building Features
      • Building Area Total 5982
      • Building Area Units Square Feet
      • Exterior Features Wood
      • Flooring Laminate, Carpet
      • Foundation Details Poured Concrete
      • Green Energy Efficient Thermal Windows
      • Interior Features Laminate Hardwood
      • Living Area 0
      • Living Area Units Square Feet
      • Roof Composition
    • Property Features
      • Carport Spaces 4
      • Carport Y/N No
      • Covered Spaces 0
      • Irrigation Water Rights Y/N No
      • Lot Features Corner Lot, Paved
      • Lot Size Acres 0.5
      • Lot Size Dimensions 88 x 239
      • Lot Size Square Feet 21780
      • Lot Size Units Square Feet
      • Open Parking Spaces 11
      • Open Parking Y/N Yes
      • Parking Total 15
      • Sewer Sewer Connected
      • Utilities Sewer Connected,Electricity Available
      • View Y/N No
      • Waterfront Y/N No
    • Schools
      • Elementary School Meadowdale ElemMd
      • High School Meadowdale High
      • High School District Edmonds
      • Middle Or Junior School Meadowdale Mid

    Neighborhood

    98087 (Lynnwood) Demographics

    33 Median Age
    6,579 Population Density (per sq. mile)
    41% College Educated
    $70,760 Estimated Median Income
    6,504 Estimated Total Home Owners
    6,221 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    36,649 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $639,000 Median Sales Price
    97 Homes Sold
    75 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/8/2021 12:00:00 AM Sold Source: Multiple Listing Service New Value: $1,520,000
        4/27/2021 3:01:57 PM Status Changed Source: Multiple Listing Service New Value: Pending

        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.