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19415 28th Ave Ne

Lake Forest Park, WA 98155
  • $1,400,000
  • STATUS: Pending Inspection
  • ID#: 2211292
Under Contract
UPDATED: 76 min ago
$1,400,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,640
    SQFT
  • $385
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Keller Williams Realty Bothell.
Mortgage Calculator is provided by BoomTown.

Description

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 .

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pilchard Properties | Realty One Group Orca are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-18T15:50:41.407. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-18T15:50:41.407. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.pilchardproperties.com/homes/148752059
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19415 28th Ave Ne Lake Forest Park, WA 98155

  • Price: $1,400,000
  • Status: Pending Inspection
  • On Site: Days
  • Updated: 76 min ago
  • ID#: 2211292
0
Beds
0
Baths
0
½ Baths
0.23
Acres
3,640
SQFT
$385
$/SQFT
1979
Built
Neighborhood:
Ballinger
County:
King
Area:
Lake Forest Park
School District:
Shoreline
Property Description
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 .
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Dead End Street Open Parking Spaces 8 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 8 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Building Area Total 3640 Cooling None Cooling YN No Fireplace YN No Flooring Carpet Heating Baseboard Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 40276 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 9983 Tax Year 2024 Units In Building Total 4 Year Built Effective 2001 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pilchard Properties | Realty One Group Orca are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-18T15:50:41.407. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-18T15:50:41.407. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Pilchard Properties | Realty One Group Orca
9317 State Ave, Suite A
Marysville WA, 98270
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Keller Williams Realty Bothell.
Mortgage Calculator is provided by BoomTown.