5004-- 5022 190th St SW $1,330,000

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    5004-- 5022 190th St SW Lynnwood, WA 98036

    Sold
    SOLD 11/27/2019

    $1,330,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 5,714 sq.ft.
    • Multi-Family
    • Listing# 1495291
    Favorite Share
    Views: 48 Days On Market: 93

    Property Details

    Great opportunity for the savvy investor or owner occupant to acquire 4 duplexes on a shy acre in South Lynnwood for under $200k per unit. Increase cash flow now while awaiting possible re-zone for future infill development. Many long-term tenants w/ upside to increase rents and/or utility bill back. Well positioned just off South Lynnwoods 196th retail corridor, Alderwood Mall, public transit (light rail 2024), I-5/Hwy 99. Seller would consider selling duplexes as a pair or individually.

    • General Features
      • County Snohomish
      • County Snohomish
      • Lot Details Cul-de-sac, Dead End Street, Open Space, Paved Street, Value In Land
      • Lot Square Footage 42,345
      • Number of Stories 1
      • Number of Units 8
      • Site Features Cable TV, Fenced-Partially, Gas Available, High Speed Internet, RV Parking
      • Style 55-5-9 Units
      • Year Built 1941
    • Building Features
      • Roof Compostion
      • Exterior Brick, Wood, Wood Products
      • Approx SqFt 5,714
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
      • Foundation Concrete Block, Post and Pillar, Poured Concrete
    • Financials
      • Total Monthly Income $7,385
      • Net Operating Income $61,580
      • Gross Scheduled Income $88,620
      • Gross Adjusted Income $88,620
      • Total Expenses $27,040
      • Other Expenses $3,001
      • Insurance Expenses $2,207
      • Expenses $27,040
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 17
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $14,109
      • Energy Source Electric
      • Heating and Cooling ,
      • Water Company City of Lynnwood
      • Sewer Company Sewer Connected
    • Schools
      • School District Edmonds
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

    Neighborhood

    98036 (Lynnwood) Demographics

    38 Median Age
    3,982 Population Density (per sq. mile)
    45% College Educated
    $68,750 Estimated Median Income
    9,035 Estimated Total Home Owners
    5,180 Estimated Total Renters
    64% / 36% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    38,536 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $550,000 Median Sales Price
    41 Homes Sold
    42 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/27/2019 12:00:00 AM Sold Source New Value: $1,330,000
        9/14/2019 8:01:28 AM Status Changed Source New Value: Pending

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        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, 2020. 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.