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4223 164th St SW
Lynnwood, WA 98087
UNDER CONTRACT Alderwood 6-Unit Multifamily · Multifamily Property For Sale
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6 Units
Investment Highlights
- 6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on one .5 acre parcel.
- Zoning will allow for 11 units with room to build more. Lots of value-add options.
- High-demand rental located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.
- Currently offered at a 5.5% Cap Rate; Fully-occupied with great cash flow and significant room to raise rents. Solid turn-key investment property.
- Newer windows, newer roof, etc. All units have W/D hook-ups. Some updated interiors & upgraded exteriors.
Property Facts
| No. Units | 6 | Building Size | 5,982 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1989 |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 0.50 AC | ||
| Zoning | MR | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 5,982 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | MR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,525 | - |
| 2+1 | 2 | $1,450 | - |
Property Taxes
| Parcel Number | 003729-002-002-01 | Improvements Assessment | $965,900 |
| Land Assessment | $620,400 | Total Assessment | $1,586,300 |
Property Taxes
Parcel Number
003729-002-002-01
Land Assessment
$620,400
Improvements Assessment
$965,900
Total Assessment
$1,586,300
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