125 2nd Ave N

Edmonds, WA 98020

Status

SOLD

MLS#

410794

Sold Price

$930,000

List Price

$1,200,000

Closing Date

Mar 21, 2013

Style

55 - 5-Plex

Size

4,448

Lot Size (sq ft)

10,890

Property Description

Exceptional opportunity in downtown Edmonds! Brick building with (8) 1 bedroom, 1 bath units renting for $550-$650 per month. Some views have sound and mountain views! This property has off-street parking, laundry room, and individual storage rooms for each unit. Large, level lot. NO interior inspection without signed contract.

Property Details

List Date

2012-10-02 00:00:00

Community

Edmonds Bowl

Property Type

MULT

Stories

2

Unit 1 Information

Unit 1 Beds

1

Unit 1 Baths

1.00

Unit 1 Rent

$600

Unit 2 Information

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Rent

$650

Unit 3 Information

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Rent

$600

Unit 4 Information

Unit 4 Beds

1

Unit 4 Baths

1.00

Unit 4 Rent

$550

Financial Information

Net Operating Income

$34,378

Gross Adjusted Income

$55,480

Gross Scheduled Income

$58,400

Total Monthly Income

$4,850

Insurance Expense

$3,500

W/S/G Expenses

$7,000

Total Expenses

$21,102

Gross Rent Multiplier

21

Vacancy Rate

5

Cap Rate

3.00

Additional Information

Year Built

1955

Uncovered Parking

8

View

Mountain

Exterior

Brick

Roof

Flat

Site Features

Gas Available

Lot Details

Alley, Curbs, Paved Street, Sidewalk

Annual Taxes

$9,402

Tax Year

2012

School District

Edmonds

Potential Terms

Cash Out, Conventional, FHA, VA

no photo
425-223-6021

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