$1,400,000 $7,516 est/mo Sourced by Back At You

19415 28th Ave NE,Lake Forest Park, WA 98155

Lake Forest Park WA, 98155

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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 .

Details

MLS#2211292
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Year1979
Days On Site71
Listing Provided ByKeller Williams Realty Bothell | Corey Crain

Features

SQ Feet3,640
Story(s)2
Units4
Acreage0.23

Market Activity 98155

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Listings Checked: 2 minutes ago
StateWA
CountyKing
CityLake Forest Park
Zip Code98155
Area720 Lake Forest Park
Community NameBallinger
School DistrictShoreline
Listing VS Median (in Ballinger)
Price:
$1,400,000
low | high
Med:
$1,037,475
75.894642857143% of Average
SqFt:
3,640
low | high
Med:
2,480
81.868131868132% of Average
$ / SqFt:
$385
low | high
Med:
$448
33.527651515152% of Average
On Site:
71
low | high
Med:
36.000000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 6:28:53 AM PDT