125 2nd Ave N, Edmonds, WA 98020

$930,000
4,448
SqFt

Listing courtesy of RE/MAX Performance Plus. Selling Office: .

Sold Price
$930,000
List Price
$1,200,000
Status
SOLD
MLS#
410794
Closing Date
Mar 21, 2013
Days on Market
170
Style
55 - 5-Plex
Finished SqFt
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.

425-223-6021

Additional Information

List Date
2012-10-02 00:00:00
Community
Edmonds Bowl
Property Type
MULT
Stories
2
Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Rent
$600
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Rent
$650
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Rent
$600
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Rent
$550
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
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

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