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Listing provided courtesy of Sound Realty Group Inc

4223 164th Street SW #A-F

Lynnwood, WA 98087
12 bed
8 bath
5,982 sqft
$1,575,000
On ZeroDown: 2 months ago

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Only 12-bedroom home among 23 homes for sale in 98087 zip code.
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Air quality around the home was good for about 356 days.
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About

6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on a single .5 acre parcel. VALUE-ADD WITH LOTS OF OPTIONS. Zoning will allow for 11 units with room to build more. Currently offered at a 5.5% Cap Rate; Fully-occupied with stable tenants, great cash flow and significant room to raise rents to a 6.5% Market Cap Rat ... Read more
Status
:
Active
Style
:
5-9 Units
MLS #
:
1729328
Community
:
Alderwood Manor
Year Built
:
1989
Lot Size
:
21,780 sq ft.
Property Type
:
Multi-Family
County
:
Snohomish
Time On ZeroDown
:
2 months
Floor Size
:
5,982 sq ft.
Listed by: Charles S. Burnett
Brokerage: Sound Realty Group Inc
MLS#: 1729328
Source: NWMLS
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Property Details

Interior Features
Unit 2 Information
# of Beds:
2
Unit Area (Sq. Ft.):
1,099
# of Baths:
1.5
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
E
Unit 6 Information
# of Beds:
2
Unit Area (Sq. Ft.):
1,099
# of Baths:
1.5
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
C
Unit 5 Information
# of Beds:
2
Unit Area (Sq. Ft.):
792
# of Baths:
1
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
A
Interior Features
Interior Features:
Laminate Hardwood
Flooring:
Laminate, Vinyl Plank, Carpet
Unit 1 Information
# of Beds:
2
Unit Area (Sq. Ft.):
1,099
# of Baths:
1.5
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
F
Unit 4 Information
# of Beds:
2
Unit Area (Sq. Ft.):
792
# of Baths:
1
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
B
Heating & Cooling
Heating & Cooling:
Forced Air
Unit 3 Information
# of Beds:
2
Unit Area (Sq. Ft.):
1,099
# of Baths:
1.5
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
D
Multi-Unit Information
Insurance Expense:
$1,750.0
Total Expense:
$21,371.0
Vacancy Rate:
1
Gross Scheduled Income:
$108,780.0
Other Expense:
$2,417.0
Net Operating Income:
$86,321.0
Gross Adjusted Income:
$107,692.0
Total Monthly Income:
$9,065.0
Cap Rate (NOI/LP):
5.5
Gross Rent Multiplier:
14
Exterior Features
Exterior Features
Exterior Features:
Wood
Roof:
Composition
Building Information
Foundation:
Poured Concrete
Structure Type:
Multi Family
Year Built Source:
Public Records
Details provided by NWMLS and may not match the public record.

Disclaimer: The information contained in this listing has not been verified by Sound Realty Group Inc and should be verified by the buyer.

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Frequently Asked Questions

How many beds, baths, and sq. ft. does this home have?
4223 164th Street SW #A-F is a 5982 sq ft house with 12 beds and 8 baths.
What’s the current price of this home?
4223 164th Street SW #A-F is currently priced at 1,575,000.
How many photos are available for this home?
ZeroDown has 35 photos of 4223 164th Street SW #A-F.
Is 4223 164th Street SW #A-F in a quiet neighborhood?
Ambient noise level around this home is 40 - 50 dBA, classified as Moderate - Safe listening for any time period. Sounds like a refrigerator humming.
What are the internet/broadband options for 4223 164th Street SW #A-F?
Get into the gaming mode with 987.0+ Mbps download speeds available on this block powered by COMCAST CABLE COMMUNICATIONS, LLC.
What are the nearest hospitals/urgent care centers for 4223 164th Street SW #A-F?
4 hospitals at a driving distance of 10 mins.
What are the school options for 4223 164th Street SW #A-F?
The nearby elementary school, middle school and high school quality ratings from Niche are very similar. If you have children and desire a consistent school experience as they grow up, this home may be a good place to plant long-term roots. Maplewood Parent Cooperative (#113 in state), Challenge Elementary School (#111 in state) among 3 A+/A/A- rated public elementary schools in the district. Ratings and rankings are from Niche. Maplewood Parent Cooperative (#37 in metro), Meadowdale Middle School (#133 in state), Madrona School (#87 in state) among middle schools in the district. Ratings and rankings are from Niche. Meadowdale High School (#41 in metro) among high schools in the district. Ratings and rankings are from Niche.
When was this home built?
4223 164th Street SW #A-F was built in 1989.
How long has this home been listed on ZeroDown?
4223 164th Street SW #A-F has been on ZeroDown for 2 months.
How is the air quality around 4223 164th Street SW #A-F?
Air quality around the home was good for about 356 days.
Are there electric charging stations around 4223 164th Street SW #A-F?
36 electric car charging points within a 5-minute driving distance, this is relatively higher than nearby neighborhoods.
What are the public transportation options for 4223 164th Street SW #A-F?
Hwy 99 & 44th Ave W (Community Transit BUS) station is within walking distance
What are the grocery and delivery options for 4223 164th Street SW #A-F?
6 grocery stores at a driving distance of 10 mins.
How does it feel to live in 98087 zip code?
43.58% of the households in this zip code(98087) are renter-occupied.
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