Provided by NWMLS, Listed by Keller Williams Realty Bothell
Pending
19415 28th Ave NE
Lake Forest Park WA, 98155
$1,400,000
$384.62 per sqft
Pending
3,640 sqft
Multi-family
Built in 1979
Value add opportunity in Lake Forest Park, WA. Nestled on a quiet dead-end street between I5 and lake Washington, The large wooded lot offers tenants ample space to enjoy the outdoors. Built 1979 this 4-plex not only offers secured building access excellent but also ample potential for significant upside in raising rents, landscape improvements and unit upgrades. Featuring four generous 2-bed, 1-bath units, each 910 sq ft, complete with fireplaces. Recent upgrades include a new roof and windows in 2022 with a transferable warranty. Shared coin op laundry on site for additional income. Close to all amenities, The low cap rate is a reflection of the rents being way below market .
2211292
MLSⓇ ID
March 20, 2024
Listed
March 27, 2024
Updated
Map
19415 28th Ave NE
Lake Forest Park WA, 98155
Interior Features
Total Stories
2
Interior Features
Wall to Wall Carpet
Floor Description
Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.23 Acres
Exterior Features
Wood
Lot Features
Dead End Street
Roof
Composition
Sewer
Sewer Connected
School Information
School District
Shoreline
Other Property Details
Area Name
720 - Lake Forest Park
Taxes
$9,983
Tax Frequency
Annually
Garage
No
Parking Total
8
View
No
County
King
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
3/26/2024 | Pending | — |
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 4/30/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 4/30/2024 at 7:00 AM UTC